Lenders and underwriters in my training workshops on Cashflow Analysis of Tax Returns often stumble a bit on that word 'guaranteed'. After all, we all know what that means, right? Well, it is dangerous to
Many lenders and their financial institutions don't want to count on income from capital gains as a recurring source to service debt. I get that and don't necessarily disagree. Although see the post on
An installment sale, where the taxpayer will receive payments over time from the sale of an asset, is treated differently in the tax return. The lender needs to spot it to find out: how
What about a track record To count capital gains activity for recurring cashflow many, if not most, financial institutions will want to see a track record. But not all. A lesson learned from lenders to
First decide if you will count it at allSee this post on 'Lending on Asset Conversion instead of Income'. Here is the form Click on the image to zoom. Beware non-cash entries Line 12 (2011
First decide if you will count it at allSee this post on 'Lending on Asset Conversion instead of Income'. Here is the form Click on the image to zoom. Beware non-cash entries Line 12 (2011
What is short-term and where do I find it? Schedule D, Part 1 is where you'll find short-term capital gain or loss. This is related to assets held one year or less. Here is the
S Corporations A corporation that decides to be taxed under Sub-chapter S of the Internal Revenue Code is an S-Corporation. The Corporation files an 1120S instead of an 1120. The big difference between a
Here is how you end up with Interest from a Schedule K-1 on 1040 Schedule B:Schedule B includes all taxable income.Interest income received by an S Corporation or a 1065-filing entity like an LLC or
Let's assume your question is on a K-1.There is a K-1 for a 1065 (Partnerhsips and some LLCs), a 1120S (S Corporations), as well as trusts and estates.Use the site-wide searchThe quickest way to find
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