979610
I am clergy and I receive a W2 from the church. I have salary in box 1, federal withholding in box 2, and housing allowance in box 14. TurboTax is also telling me to use Line 21 as an adjustment to income to put my housing as a negative number as an adjustment to income. I haven't done this in filing before, so I am just asking why to make the adjustment? When I do, it certainly helps my refund. I want to make sure I'm doing it right. Thanks!
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If you read the instructions in the link I posted it says : If the Box 1 amount hasn't been adjusted for your housing allowance, enter a Line 21 adjustment to income
In your case it HAS been adjusted since it is NOT in box 1 ... you will NOT use the line 21 adjustment.
Follow this instead :
https://ttlc.intuit.com/questions/2303656-how-to-enter-clergy-housing-allowance
Was the housing included in box 1 of the W-2 ? And the line 21 references are out of date since the form 1040 has been redesigned however the jist is the same.
No, box 1 is salary only. Box 14 is housing as a separate amount. Thanks
If you read the instructions in the link I posted it says : If the Box 1 amount hasn't been adjusted for your housing allowance, enter a Line 21 adjustment to income
In your case it HAS been adjusted since it is NOT in box 1 ... you will NOT use the line 21 adjustment.
Follow this instead :
https://ttlc.intuit.com/questions/2303656-how-to-enter-clergy-housing-allowance
Thank you for clarifying, I misread that first part.
As a retired minister I receive a Housing Allowance. I have not used it all and will have to show the remainder as Income, but where can I show this on Turbotax?
Please see How do I enter a parsonage or housing allowance reported on a W-2? If your housing allowance is in your box 1 wages, you do not need to make an adjustment.
Related:
Ministers' Compensation & Housing Allowance | Internal ...
I can not find the Line 21 Adjustment. My housing was included in box 1, but I can not get to line 21. Help
Thanks,
If the Box 1 amount hasn't been adjusted for your housing allowance, enter a Line 21 adjustment to income @RikMorris as referred to by the excellent above posts by @Critter.
Here's how:
How do I enter a parsonage or housing allowance reported on a W-2?
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