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RC_LP_U_305.2 Income and Loss on Tax Returns
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011067-WC-W
Delivery Options: N/A

Description of Product

This is a single-family/residential course.

When a taxpayer files yearly income tax returns, income and losses are reported on a variety of different forms. Form 1040, U.S. Individual Income Tax Return is a summary of those forms and offers an underwriter a starting point to perform a self-employed income analysis.

Income and Loss on Tax Returns provides an overview of Schedule A (Form 1040): Itemized Deductions and Schedule B (Form 1040): Dividends and Income. A detailed look at Form 2106, Employee Business Expenses is included within the module, and practice examples are provided to help demonstrate how income may be affected by these business expenses.


  • Form 1040: U.S. Individual Tax Return
  • Form 1040: Schedules A and B
  • Form 2106: Employee Business Expenses
  • Case Study - The Llama Loan

    Seat time approximately one (1) hour.

    Copyright 2015.

    Product Category:
    Self-Study Web-Based Courses 
    This is a self-paced, self-study course. Enroll anytime and take up to 12 months to complete the course. 
    Contact Info:

    For registration information, call (800) 793-6222 or email education@mba.org.

    Contact E-mail:
    RC_LP_U_305.2 Income and Loss on Tax Returns 
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