Analyzing Personal Tax Returns

Analyzing Personal Tax Returns

Course Progress

Course Description

Analyzing Personal Tax Returns

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

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