by Peg
(Yardley, PA)
We have a director of music living in church housing....we have treated it as part of his compensation. He is not a minister and to the best of my knowledge is not ordained......is his housing a taxable item and if so, how does the church treasurer know how much to tell him is taxable?
2Comments
but is a W2 needed?
PPastor Manny
I understand its taxable as SE, the question is whether or not the church has to generate a W2, if I'm the only person receiving any compensation (Parsonage only)
Value of church housing
LLewis in NC
Yes this would be taxable. The value included on the W-2 would be the fair market rental value, plus any utilities paid by the church.