Do I pay a SE tax on the total amt rec'd?

by Ann Fairchild
(Myrtle Beach, SC)

The SE tax that we will be required to pay, will that be like 15% of the total amount rec'd for housing regardless of the monies spent on housing?

vickey's reply

You have to report the lesser of the following amounts on your SE schedule:

  • The amount actually spent on eligible housing expenses.
  • The fair market rental value plus furnishings and utilities.
  • The amount officially designated in advance as housing allowance.

You will pay 15% on that amount.

Comments for Do I pay a SE tax on the total amt rec'd?

Click here to add your own comments

Feb 05, 2012
by: Kris

I always have put the whole amount of my housing allowance on schedule SE, line f.

I never spend the entire amount. Should I be putting the actual amount spent on that line and then claim the remaining as other income?

Feb 01, 2013
Reporting Housing Allowance on Schedule SE
by: Vickey

Yes, Kris, you are correct.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Housing Allowance.

Need training on how to use QBO or Aplos effectively for a church or better yet ...need an expert in either of those accounting software to do your monthly bookkeeping and/or payroll? See more on our accounting services!

Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.