RC_LP_U_306.3 Evaluating Partnerships

Member Price: $49.00

Nonmember Price: $79.00

Product Code: DL2-011096-WC-W

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PLEASE NOTE: MBA Education will be transitioning to a new learning platform in June 2020. We strongly suggest that you complete your course(s) before Friday, June 19, 2020. Progress in any courses that are not completed as of the transition date will be lost and you will need to start from the beginning of your course(s) in the new platform.

If you think you will be unable to complete your courses before Friday, June 19, we recommend that you delay your registration until the transition is complete.

This is a single-family/residential module.

This 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, the underwriter 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.

The Evaluating Partnerships course begins with a review of characteristics of partnerships. Next it looks at partnership documentation requirements for Fannie Mae and Freddie Mac. Finally, it provides detailed instruction on how to analyze income from Form 1065 and Schedule K-1 (Form 1065) using the Fannie Mae Cash Flow Analysis (Form 1084).

Topics:

  • Partnership Characteristics
  • Determine Allowable Income Using Schedule K-1
  • Determine Allowable Income Using Form 1065
  • Practice Questions

    Seat time approximately one (1) hour.

    Copyright 2019.

  • Notes

    This is a self-paced, self-study course. Enroll anytime and take up to 12 months to complete the course.

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