Tag: 1120

When Does a Business Loss Need to be Counted?

Question: Are we required to count a business loss against our borrower from their 1120 (C-Corp) schedule? Answer: The answer is yes and no. If the borrower has a full-time job outside of self-employment, then both Fannie and Freddie allow you to disregard a business loss (or income) if they qualify using only non-self-employed income […]

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