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RC_LP_U_305.3 Supporting Income and Loss on Tax Returns
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011068-WC-W
Delivery Options: N/A

Description of Product

This is a single-family/residential course.

Schedule D summarizes gains and losses that arise from the sale of stock, real estate, or business assets. Typically, this type of income is not regular and recurring, but there are instances where this schedule and two additional supporting forms (Form 4797: Sale of Business Property and Form 6252: Installment Sale Income) will need to be analyzed.

Many people owning and running farms also use the sole proprietor form of business ownership. Although farm income is reported on Schedule F, the majority of the schedule and the way underwriters analyze income for qualifying are the same. For that reason, an underwriter can follow the same concepts detailed in the Schedule C analysis for net profit or loss; non-recurring other income/loss; depreciation; amortization/casualty loss/depletion; and business use of home.

In Supporting Income and Loss on Tax Returns, Schedule C, Schedule D, and Schedule F of Form 1040 will be reviewed.


  • Sole Proprietorship Characteristics
  • Schedule C: Sole Proprietorship
  • Schedule C: Case Study - The Llama Loan
  • Schedule D: Capital Gains and Losses
  • Schedule F: Farm Income
  • Schedule F: 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_305.3 Supporting Income and Loss on Tax Returns 
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