BEGIN:VCALENDAR VERSION:2.0 METHOD:PUBLISH PRODID:-//Telerik Inc.//Sitefinity CMS 13.3//EN BEGIN:VTIMEZONE TZID:Central Standard Time BEGIN:STANDARD DTSTART:20231102T020000 RRULE:FREQ=YEARLY;BYDAY=1SU;BYHOUR=2;BYMINUTE=0;BYMONTH=11 TZNAME:Central Standard Time TZOFFSETFROM:-0500 TZOFFSETTO:-0600 END:STANDARD BEGIN:DAYLIGHT DTSTART:20230301T020000 RRULE:FREQ=YEARLY;BYDAY=2SU;BYHOUR=2;BYMINUTE=0;BYMONTH=3 TZNAME:Central Daylight Time TZOFFSETFROM:-0600 TZOFFSETTO:-0500 END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT DESCRIPTION:Part 2 of this information-intensive series will continue the j ourney to convert 1040 personal tax returns into cash flow and will focus on Schedules D\, E\, and F. Learn more about making solid lending decision s by understanding how to get cash flow from personal tax returns.\nLearni ng Objectives\n\n Identify the real cash flow from Schedule D: Capital Gains and Losses and determine whether it is recurring income or a one-tim e event\n See the real cash flow from a rental property or source of ro yalty income (Schedule E\, Page 1) &ndash\; it&rsquo\;s more than just add ing back depreciation\n Weed out &ldquo\;phantom&rdquo\; pass-through i ncomes and find the real cash flow from partnerships and S corporations (S chedule E\, Page 2)\n Determine if that farm is earning a cash profit o r not (Schedule F)\n\nTax returns don&rsquo\;t show cash flow\; they show taxable income. What you need to know is cash flow because that is how you r loan is paid back. With the process outlined in this session and the fre e Lenders Tax Analyzer©\; software each registrant receives\, you will gain an easy\, reliable method to convert a borrower&rsquo\;s personal ta x return (Form 1040) into a borrower&rsquo\;s cash flow statement.\nIn Par t 2 of this two-part series\, you will learn to cash flow Schedule D: Capi tal Gains and Losses\; Schedule E\, Page 1 (Rental and Royalty Income)\; S chedule E\, Page 2 (Partnerships and S Corporations)\, and Schedule F (Far m Income). When you finish this session\, you will be able do a little &ld quo\;magic&rdquo\; and convert taxable incomes into cash flows\, which you can then plug into your credit scoring model\, debt-to-income ratio\, or disposable income calculation. \nNote: This session is designed for consum er and commercial lenders. This method does not follow Fannie\, Freddie\, or QM rules used in mortgage lending. DTEND:20230215T170000Z DTSTAMP:20240328T141045Z DTSTART:20230215T160000Z LOCATION: SEQUENCE:0 SUMMARY:Qualifying Borrowers Using Personal Tax Returns Part 2: Schedules D \, E & F UID:RFCALITEM638472138451578935 X-ALT-DESC;FMTTYPE=text/html:
Part 2 of this information-intensive series will continue the journey to convert 1040 personal tax returns into cash flow and will focus on Schedules D\, E\, and F. Learn more about making so lid lending decisions by understanding how to get cash flow from personal tax returns.
\nLearning Objectives
\nTax returns don&rsquo\;t show cash flow\; they show taxable income. What you need to know is cash flow because that is ho w your loan is paid back. With the process outlined in this session and th e free Lenders Tax Analyzer©\; software each registrant receives\, you will gain an easy\, reliable method to convert a borrower&rsquo\;s person al tax return (Form 1040) into a borrower&rsquo\;s cash flow statement.
\nIn Part 2 of this two-part series\, you will learn to cash flow Sche dule D: Capital Gains and Losses\; Schedule E\, Page 1 (Rental and Royalty Income)\; Schedule E\, Page 2 (Partnerships and S Corporations)\, and Sch edule F (Farm Income). When you finish this session\, you will be able do a little &ldquo\;magic&rdquo\; and convert taxable incomes into cash flows \, which you can then plug into your credit scoring model\, debt-to-income ratio\, or disposable income calculation.
\nNote: This session is designed for consumer and commercial lenders. This method does not fol low Fannie\, Freddie\, or QM rules used in mortgage lending.
END:VEVENT END:VCALENDAR