Can a borrower use K-1 income with under 25% ownership?
Can you use K1 income with less than 25% ownership? K-1 income(loss) is generated from standard business structures defined by the IRS which are Partnerships using the IRS 1065 tax form and the S Corp using the IRS 1120S tax form . These entities both use an IRS form K-1 as one of the ways […]