Qualifying Borrowers Using Personal Tax Returns Part 2: Schedules D, E & F
On-Demand Webinar
StreamedFeb 14, 2023Duration90 minutes
- Unlimited & shareable access starting two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
Part 2 of this information-intensive series will continue the journey to convert 1040 personal tax returns into cash flow and will focus on Schedules D, E, and F.
Learn
more about making solid lending decisions by understanding how to get cash flow
from personal tax returns.
AFTER
THIS WEBINAR YOU’LL BE ABLE TO:
- Identify the real cash flow from Schedule D: Capital Gains and Losses and determine whether it is recurring income or a one-time event
- See the real cash flow from a rental property or source of royalty income (Schedule E, Page 1) – it’s more than just adding back depreciation
- Weed out “phantom” pass-through incomes and find the real cash flow from partnerships and S corporations (Schedule E, Page 2)
- Determine if that farm is earning a cash profit or not (Schedule F)
WEBINAR DETAILS
Tax returns don’t show cash flow; they show taxable
income. What you need to know is cash
flow because that is how your loan is paid back. With the process outlined in this session and
the free Lenders Tax Analyzer© software each registrant receives, you will gain
an easy, reliable method to convert a borrower’s personal tax return (Form
1040) into a borrower’s cash flow statement.
In Part 2 of this two-part series, you will learn
to cash flow Schedule D: Capital Gains and Losses; Schedule E, Page 1 (Rental
and Royalty Income); Schedule E, Page 2 (Partnerships and S Corporations), and
Schedule F (Farm Income). When you
finish this session, you will be able do a little “magic” and convert taxable
incomes into cash flows, which you can then plug into your credit scoring
model, debt-to-income ratio, or disposable income calculation.
(Note: This session is designed for consumer
and commercial lenders. This method does not follow Fannie, Freddie, or QM
rules used in mortgage lending.)
WHO SHOULD ATTEND?
This informative session
is designed for lending personnel, including chief lending officers, service
representatives, new accounts personnel, loan officers, loan underwriters, loan
sales officers, credit analysts, loan processors, branch managers, CEOs, and
other key lending staff.
TAKE-AWAY TOOLKIT
- Free copy of Lenders Tax Analyzer© software
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission,
or republishing of any webinar to other institutions or those not employed by
your institution is prohibited. Print materials may be copied for eligible
participants only.
Presented By
TEAM Resources
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