I am using TurboTax for the first time. Ever since I became a minister, I have had my taxes prepared by a professional CPA because of the complicated issues around clergy tax. I thought I could handle this with the software, but I am not navigating well for the parsonage.
The professionals all used a "clergy worksheet" to gather all the elements (W-2 salary, Fair Rental Value of parsonage provided by church, Utilities). This then showed both the Taxable Ministerial Income and the Tax-Free Ministerial Income. The combined amount less Total unreimbursed emp bus exp produced a Net Self-Employment Income. This number was then put in SE line 2.
There does not seem to be a way to figure SE line 2 as anything other than what was listed in the W2. The interview took the Fair Rental Value and placed it in 1040 line 1h... which is subject to Federal.
What am I missing? Did I choose the wrong TurboTax Edition? Thank you for the help!
