Posted By: ComplianceNerd
Cash Flow Income - 10/31/14 02:57 PM
Situation:
Customer is self employed, shows schedule C, E or otherwise...
Lender uses tax return figure (usually line 22) + depreciation + interest and other add-backs. This final figure has estimated taxes deducted. Then DSCR is calculated from the final number.
What number do I use????
Customer is self employed, shows schedule C, E or otherwise...
Lender uses tax return figure (usually line 22) + depreciation + interest and other add-backs. This final figure has estimated taxes deducted. Then DSCR is calculated from the final number.
What number do I use????