Training
Analyzing Self-Employed Borrowers 202 – Zeroing in on Partnerships & LLCs
60 minutes
Once you've learned the basics of building qualifying income from the tax returns of self-employed borrowers, you'll be ready to take your knowledge to the next step with this session that zeroes in on evaluating partnerships (Form 1065).
During this 60-minute session, we'll teach you how to document, then calculate and, finally, analyze the following:
- Use of guaranteed payments as part of qualifying income
- Why some Schedule K-1s show negative income but positive distributions
- Receipt of other income and when it can be retained
- Why LLCs use IRS Form 1065 to report their earnings
Upcoming Sessions:
Recorded Session
Watch now
Sandra Sweeney
Sandra Sweeney, senior customer trainer and training program developer for MGIC, has a mortgage industry career that spans over four decades. Her previous experience in loan origination, underwriting and management has given her a deep understanding of and appreciation for various industry roles.
In her current role, Sandra oversees the design of many MGIC training resources, including the self-employed borrower income series, the Magic Minutes training series, and income calculation tools. In developing and facilitating training, she aims to break down complex concepts into easily digestible knowledge and help mortgage professionals build the skills to become trusted advisors for their borrowers.
Sandra lives at Smith Mountain Lake, Virginia, where she enjoys volunteering for various organizations, boating, and enjoying water sports with her family.