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Analyzing Self-Employed Borrowers 302 – Looking at Income from Farming
Not all farming income is calculated the same, and farmers do not always report their income on IRS Form 1040, Schedule F.
Take 45 minutes to dig further into the mystery behind farming income and glean a better understanding of:
- Which IRS forms are used to report farming income and what tools are needed to analyze this income
- How to cash flow farming income from a Schedule F and a partnership return
- When you can omit a mortgage tied to the farm
- What to consider when the subject property is the farm
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Sandra Sweeney
Senior Customer Trainer
MGIC
Meet Sandra Sweeney
Sandra is a mortgage industry veteran with over 35 years of experience. Her varied roles in operations, loan origination, underwriting and management give her a deep understanding and appreciation for many roles present in the industry. Sandra rejoined MGIC in 2013 as an underwriter and recently transitioned to a full-time customer trainer and training program developer. She currently facilitates many of the MGIC national webinar courses. Sandra and her family reside by the water on Smith Mountain Lake, Virginia. In her free time, she enjoys boating, swimming and hiking.
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