Overview

This webinar presented by MGIC, will focus on evaluating partnerships (Form 1065). During this 60-minute session, we'll teach you how to document, 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

Who should attend?

• Loan Officers
• Loan Processors
• Underwriters
• Quality Control Staff