How can the church and I work together to sell the parsonage and get my family into a home of our own?
The answer varies greatly based on the church’s and minister’s specific situation. However, the following are several issues that likely need to be addressed.
5. If the church does not want to require a longevity stipulation to the arrangement, it may at least consider splitting a bonus between two taxable years.
6. We strongly recommend that the church record the mortgage with the local county officials. This also protects the authenticity of the arrangement as "arms length" and the church from miscommunication that it has definite longevity expectations.