Analyzing Personal Tax Returns

Learn to navigate the business tax forms and terminology commonly encountered in commercial lending.

Course Progress

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

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