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luann9111
New Member

W-2 clergy income $9,463 + housing allowance inc from church of $40k. Sch C-$1k Add'l IRA dist inc of $128,000. Why is Sched SE (Self emp tax) line 2 showing $90,563?

 
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chjahnke
New Member

W-2 clergy income $9,463 + housing allowance inc from church of $40k. Sch C-$1k Add'l IRA dist inc of $128,000. Why is Sched SE (Self emp tax) line 2 showing $90,563?

We find it best to use Home and Business for the past several years.  However, for Tax Season 2018: When your unused housing shows up on line 1, we simply chose "Self Employment on wages only." This gives the correct answer on your Schedule SE and on your Schedule SE Adjustments worksheet. To verify check Form Schedule SE Adjustments Part II line 5a to see that it matches your W2. Verify that line 5b Clergy Housing Allowance is correct, which is total housing allowance without deductions. For some reason Turbo Tax changed this in Home and Business.

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