Clergy housing exclusion question as we move toward fulltiming
Trikester said
02:53 AM Feb 13, 2013
Any fulltiming active or retired clergy out there who treat their RV as their sole residence? My accountant tells us we can claim an RV (fifth wheel in our case) as our residence and exclude all expenses just as we could if we owned a house. The catch is we need to have a "fair rental value" of the RV to work with, just as we would with a house. How have you gotten and documented that information? Any suggestions?
LandYachty said
04:39 AM Mar 6, 2013
I have done taxes for a pastor/missionary using a sailboat as his base/home/bible study room. We had no problems, but I made them keep a full listing of every penny in case of a audit.
What type of ministry are you planning on?
Trikester said
09:20 AM Mar 6, 2013
I'm a retired Presbyterian pastor whose pension is designated by the Presbyterian Board of Pensions as a housing allowance. I've done one interim pastorate since retiring in 2010 but doubt there will be many more. I've retired to ride my bike, to read and poeticize, to savor this natural world in which we frolic, and to harass my family. I retain my credentials as a preacher creature, but at least for the moment I've put my certificate of ordination on file.
-- Edited by Trikester on Wednesday 6th of March 2013 09:21:35 AM
Any fulltiming active or retired clergy out there who treat their RV as their sole residence? My accountant tells us we can claim an RV (fifth wheel in our case) as our residence and exclude all expenses just as we could if we owned a house. The catch is we need to have a "fair rental value" of the RV to work with, just as we would with a house. How have you gotten and documented that information? Any suggestions?
I have done taxes for a pastor/missionary using a sailboat as his base/home/bible study room. We had no problems, but I made them keep a full listing of every penny in case of a audit.
What type of ministry are you planning on?
I'm a retired Presbyterian pastor whose pension is designated by the Presbyterian Board of Pensions as a housing allowance. I've done one interim pastorate since retiring in 2010 but doubt there will be many more. I've retired to ride my bike, to read and poeticize, to savor this natural world in which we frolic, and to harass my family. I retain my credentials as a preacher creature, but at least for the moment I've put my certificate of ordination on file.
-- Edited by Trikester on Wednesday 6th of March 2013 09:21:35 AM