I receive a pension form 1099-R for my retired clergy pension earnings. My earnings are designated housing. how do I subtract my actual housing expenses from the amount received on my tax form?
See the TurboTax Help article How do I enter a parsonage or housing allowance on a 1099-R?.
The article provides step-by-step guidance on how to remove the nontaxable portion from the distribution reported on your Form 1099-R.
This helped tremendously. However, I filed my taxes by simply calculating the deduction on paper. Do I need to amend the return with the information on a form?
Here are the list of steps to take to exclude your housing allowance reported on a 1099R.
If box 2b is checked
Enter the appropriate taxable amount in box 2a of the Enter your 1099-R details screen.
If box 2b is not checked
This will remove the nontaxable portion from the distribution reported on your 1099-R.