(Englewood, CO)
We have a retired pastor who receives a small retirement amount that is 100% Housing. He is issued a 1099-R.
If we give the reitred pastor a Christmas Bonus of $1000. Does this amount need to be reported as income on a 1099-Misc form?
1Comments
Housing Allowance - Christmas Bonus
DDavid Rutledge
Qualified Housing Allowance would not go on a 1099R - Housing allowance is still non taxable income. The amount would still be subject to Self Employment tax if the minister has not opted out of Social Security