Cash Flow Analysis
Borrower Name:
The following self-employed income analysis worksheet and accompanying guidelines generally apply to individuals:
Who have 25% or greater
Who are employed by
Who are paid
Who own rental property
interest in a business
family members
commissions
Who receive variable income, have earnings reported on IRS Form 1099, or income that cannot otherwise be verified by an
independent and knowable source.
Form 1040 - Individual Income Tax Return
Yr.
Yr.
1. Total Income
2. Wages, salaries considered elsewhere
(-)
(-)
3. Tax-Exempt Interest Income
(+)
(+)
4. State and Local Tax Refunds
(-)
(-)
5. Nonrecurring Alimony Received
(-)
(-)
6. Negate Schedule D (Income) Loss
(+/-)
(+/-)
7. Pension and/or IRA Distributions
(+)
(+)
8. Negate Schedule E (Income) Loss
(+/-)
(+/-)
9. Nonrecurring Unemployment Compensation
(-)
(-)
10. Social Security Benefit
(+)
(+)
11. Nonrecurring Other (Income) Loss
(+/-)
(+/-)
12. Other
Form 2106 - Employee Business Expenses
13. Total Expenses
(-)
(-)
14. Depreciation
(+)
(+)
Schedule B - Interest and Dividend Income
15. Nonrecurring Interest Income
(-)
(-)
16. Nonrecurring Dividend Income
(-)
(-)
Schedule C - Profit or Loss from Business: Sole Proprietorship
17. Nonrecurring Other (Income) Loss/Expenses
(+/-)
(+/-)
18. Depletion
(+)
(+)
19. Depreciation
(+)
(+)
20. Meals and Entertainment Exclusion
(-)
(-)
21. Business Use of Home
(+)
(+)
22. Amortization/Casualty Loss
(+)
(+)
Schedule D - Capital Gains and Losses
23. Recurring Capital Gains/(Loss)
(+/-)
(+/-)
Form 4797 - Sales of Business Property
24. Recurring Capital Gains/(Loss)
(+/-)
(+/-)
Form 6252 - Installment Sale Income
25. Principal Payments Received
(+)
(+)
Schedule E - Supplemental Income and Loss
26. Gross Rents and Royalties Received
(+)
(+)
27. Total Expenses Before Depreciation
(-)
(-)
28. Amortization/Casualty Loss/Non-recurring Expenses
(+)
(+)
29. Insurance, Mortgage Interest, and Taxes included in PITI payment
(Only if using