As a member of the clergy, I received a 1099 which included my housing allowance as part of my gross income. I asked how to correctly report the housing allowance and deduct it from the gross income and was instructed by accountants-community.intuit to report it as a credit on line 12, Form 1040. However, this was disallowed by the IRS. How do I correctly report my housing allowance and deduct it from my gross income?
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See this TurboTax support FAQ for housing allowance entered on a Form 1099-MISC - https://ttlc.intuit.com/community/entering-importing/help/how-do-i-enter-a-parsonage-or-housing-allo...
See this TurboTax support FAQ for deductibility of a housing allowance - https://ttlc.intuit.com/community/credits-and-deductions/help/is-a-parsonage-or-housing-allowance-de...
Go to this IRS website for more information - https://www.irs.gov/faqs/interest-dividends-other-types-of-income/ministers-compensation-housing-all...
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