Will Fannie Mae Allow Gambling Winnings as Income?
Question: My client is a semi-professional gambler with a 10-year history of income. His 1040 shows “gambling winnings” on line 21 “other income”. Do I average the two years to get a monthly income, and more importantly will underwriting or Fannie Mae accept this as income? Answer: This is a great question! Technically, the answer […]