TN 7 (06-90)

RS 01803.253 Items Deductible as Expenses - Ministers

POLICY

1. Included Costs

A minister deducts as an expense his ordinary and necessary expenses. This includes such costs as vestments, stationary, stenographic help, and travel expenses.

2. Depreciation

Books and equipment having a useful life of more than one year are capital assets. The entire cost may not be deducted in the year of purchase but must be recovered through depreciation.


To Link to this section - Use this URL:
http://policy.ssa.gov/poms.nsf/lnx/0301803253
RS 01803.253 - Items Deductible as Expenses - Ministers - 11/14/2002
Batch run: 01/27/2009
Rev:11/14/2002