Asked by Erin  |  Submitted December 07, 2015

How is self-employment income verified for a mortgage loan?

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  Answers  |  1

December 09, 2015

Depends slightly on the type of corporation (if any). The short answer is that your lender reviews your federal tax returns. While you're free to complete your returns with whatever you and your CPA see fit, most loans require that the lender pull a tax transcript from the IRS to verify that what you show the lender is what you showed the IRS.

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