Tag: 2016

USDA – 2106 Expenses: My borrower receives a W2 but has 2016 expenses. How do I handle income calculation for Eligibility Income and Repayment Income?

Answer: For Eligibility Income (Annual Income Calculation) the following applies: Unreimbursed Employee Expenses. The amount of unreimbursed employee expenses will be deducted from the calculation of annual income when supported on IRS Form 2106, “Employee Business Expenses.” The sum of columns A and B on Line 8 of the form represent the total amount expensed […]

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