Both may apply if a home was purchased this year. Total should not exceed 12 months in either box or when combined.
Actual Housing Expenses
Includes down payment, real estate commissions, etc. (Only if purchased in 2018)
Includes real estate taxes, mortgage interest, insurance, rent or house payments. Enter total expenses for number of months employed by Florida Conference this year.
Enter total cost of utilities for the number of months employed by Florida Conference this year. Includes heat, electric, non-business telephone, water, cable TV, sewer charge, garbage removal, etc.
Includes furnishings, appliances, decorator items, cleaning supplies, TV, VCR, piano, lawnmower, dishes, etc.
Includes new roof, pool, fence, appliance repairs, lawn maintenance, pest control, painting, etc.
Fair Rental Value Computation
This must have a value. The best method of determining this amount is to have an appraiser or rental real estate specialist provide you with a written estimate of the monthly rental value. An alternative method is to estimate the value of your home and lot and multiply by 1%.
This must have a value. The amount on this line should be your estimate of the amount that the monthly rental value of your home would increase if the home were furnished. There are no specific rules providing guidance in this area, but a reasonable estimate should be made. This should include furniture, appliances and other.
(Copied from above)
(Copied from above)
Include total rent you paid this year for any months that you did not own your home. This would only apply if you bought or sold your home this year.
Include any other expenses to furnish and maintain your home during any period in this year when you were renting. Again, this would only apply if you bought or sold your home this year.
Calculated by adding the Fair Rental Value and Furniture Rental Value and multiplying that by the number of qualifying months owned then adding utilities and other expenditures where applicable. T=((R+F)xM)+U+D+O
By typing my name below, I acknowledge that it is my responsibility to ensure the accuracy of the numbers provided. Should the IRS question the amounts presented, it will be my responsibility to provide proof of the expenditure. I also certify that I am the Florida Conference employee named above and agree that this electronic signature serves as my original signature.
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