Understand when Business Income can be used as Qualifying Income. Learn how Business Income from K-1’s (1120S & 1065) flow onto the Personal Tax Returns. Learn how to use Freddie Mac’s Income Analysis Form. NOTE: Part II is a continuation of Case Study Form 91 Part l.Learning Objectives: Calculate income for Freddie Mac for partnerships and S-Corporations, including K-1 income.
Recommended Prerequisites: Self-Employed Borrower: Case Study Form 91 Part I - Personal Tax Returns
Recommended Audience: Mortgage Professional, Loan Officer, Loan Processor, Underwriter
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