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chapter 3 client letter The Reverend Julie Lopez is an ordained minister. In the current year, Julie receives payments of $150,000 from the church for
chapter 3 client letter The Reverend Julie Lopez is an ordained minister. In the current year, Julie receives payments of $150,000 from the church for her services. Of this amount, the church designates $60,000 for compensation and $90,000 as a housing allowance. Julie and her husband own a home and incurred and documented actual expenditures during the year for the home of $72,000. The house is located in a well-established rental market, and the fair market rental value of the home for the current year is $55,000. Julie wants to know how she and her husband should report these amounts on their current year's tax return
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