Training
Analyzing Self-Employed Borrowers 302 – Looking at Income from Farming
45 minutes
Not all farming income is calculated the same, and farmers do not always report their income on IRS Form 1040, Schedule F.
Take 45 minutes to dig further into the mystery behind farming income and glean a better understanding of:
- Which IRS forms are used to report farming income and what tools are needed to analyze this income
- How to cash flow farming income from a Schedule F and a partnership return
- When you can omit a mortgage tied to the farm
- What to consider when the subject property is the farm
Upcoming Sessions:
Recorded Session
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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.