Self-Employed Borrower Basics Part 1 - Personal Tax Return Review

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Learn the basic business income concepts for calculating qualifying income. Review the different business types and how they relate and flow to a borrower’s personal return (1040). Identify the allowable business adjustments required and review a balance sheet.

Learning Objectives: Reviews basic information needed to understand how to find qualifying income through tax returns.

Recommended Prerequisites: None

Recommended Audience: Mortgage Professional, Loan Officer, Loan Processor, Underwriter

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