Can FMV of parsonage be included on SE with only a note explaining or must a specific form be attached?
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There's no special form. You just add the FMV in with the other items that comprise total S/E income."The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith -
Don't forget that you can reduce the housing allowance prior to SE computation by any unreimbursed professional clergy expenses.Comment
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