Course Description
By the end of this course, you will able to answer questions such as:
Why Lenders Review Personal Tax Returns
Form 1040: U.S. Individual Income Tax Return
Schedule 1: Additional Income and Adjustments
Schedule E: Supplemental Income and Loss—Rental and Royalty Income
Schedule E: Supplemental Income and Loss—Pass-Through Income
Other Sources of Personal Income
Personal Cash Flow: Adding Back Depreciation
Personal Cash Flow: Adjusting for Pass-Through Income and Distributions
Personal Cash Flow: Subtracting Income Taxes and Living Expenses
Personal Cash Flow — Mortgage Interest and Debt Service
Personal Cash Flow: Excess or Deficit
Personal Cash Flow — Debt-to-Income Ratio
Course Review
Course Quiz
