by Kent
(Danville IL)
I am preparing my taxes with H&R Block tax software. I am ready to file and I am instructed to write a statement about ministerial income, housing allowance, and expenses with my return.
IRS Publication 517 says to include a statement describing my housing allowance and nondeductible expenses. Is this an actual form? Are there any good examples to follow?
vickey's reply
If you incur and claim unreimbursed ministry related expense, the tax code denies a tax deduction for part of the expenses of operating your ministry. The nondeductible amount is the portion of your expenses that is allocated to your tax-free house or parsonage allowance.
If you are affected by this deduction cutback, you'll have to attach a detailed statement to your tax return.
The statement must contain all of the following:
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