MPF® University Welcomes MGIC: Zeroing in on Partnerships
Summary
Overview
This webinar presented by MGIC, will focus on evaluating partnerships (Form 1065).
During this 60-minute session, we'll teach you how to document, calculate, and finally, analyze the following:
- Use of guaranteed payments as part of qualifying income
- Why some Schedule K-1s show negative income but positive distributions
- Receipt of other income and when it can be retained
- Why LLCs use IRS Form 1065 to report their earnings
Who should attend?
The presentation is recommended for:
- Loan Officers
- Loan Processors
- Underwriters
- Quality Control Staff
