| Form 1040 | US Personal Tax Return | |
This form may be required when: ·Borrower is self-employed (owns more than 25% in the company). ·Borrower has investment income (dividends, interest, capital gains, rental property, trust income, leases, royalties, etc.). ·Borrower has additional income (alimony, auto allowance, retirement, pension, social security) or significant employee business expenses. · Borrower is employed by a family business. · Borrower applies for $500,000 or more. |
W-2 |
Wage and Tax Statement |
| 1099 | Miscellaneous Income Statement | |
| K-1 | Partnership/S Corp Income Statement | |
| Schedule A | Itemized Deductions | |
| Schedule B | Interest and Dividend Income | |
| Schedule C | Profit or Loss From Business (Sole Proprietor) | |
| Schedule D | Capital Gains and Losses | |
| Schedule E | Supplemental Income and Loss (Rental Properties – seasoned or unseasoned, residential or commercial, Royalty Income, Trust and Estate Income, shows Partnerships & S-Corp) | |
| Schedule F | Farm Income (Ensure lien is not being placed on the farm) | |
| Form 2106 | Employee Business Expenses (used with Schedule A) | |
| Form 6252 | Installment Sale Income (must be seasoned 12 months, proof of 12 months of payments, note must continue for 3 more years, obtain copy of note) | |
| Form 4797 | Sale of Business Property (used with Schedule D) | |
| Form 4952 | Investment Interest Expense Deduction (used with Schedule D) | |
| Form 8829 | Expenses for Business Use of Your Home (used with Schedule C) | |
| Form 3903 | Moving Expenses | |
| Form 4562 | Depreciation and Amortization | |
| Form 2119 | Sale of Your Home | |
| Schedule SE | Social Security self-employment Tax | |
