RC_LP_U_306.3 Evaluating Partnerships
| Option | Price |
| Member | $50.00 |
| Non-Member | $100.00 |
The Evaluating Partnerships course discusses how to evaluate income from partnerships reported on business tax returns, including Schedule E (Form 1040), Form 1065, and Schedule K-1 (Form 1065). To determine allowable qualifying income, underwriters must analyze income and expenses reported on these forms and schedules, validate consistency across the tax returns, and make adjustments using the appropriate investor's income analysis form.
This course begins with a review of the characteristics of partnerships. Next, it looks at partnership documentation requirements for Fannie Mae and Freddie Mac. Finally, it provides detailed instructions on how to analyze income from Form 1065 and Schedule K-1 (Form 1065) using the Fannie Mae Cash Flow Analysis (Form 1084).
This is a single-family/residential course.
- Partnership Characteristics
- Determine Allowable Income Using Schedule K-1 (Form 1065)
- Determine Allowable Income Using Form 1065
- Practice Questions
Seat time approximately 30 minutes.
Copyright 2025.