The 2019 tax forms have changed. Tax returns are an important part of qualifying many borrowers income for a new mortgage. Keeping up the changes from year to year on these Federal 1040s is key to identifying multiple forms of qualified income. Knowing these documents thoroughly will assist in closing the most loans with the highest quality.
In this video we review:
- The changes between the 2018 / 2019 Federal 1040 tax returns
- The retirement of the Schedule C EZ
- What is the 1040 SR and how is it used?