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1084 Cash Flow Analysis Enter data in the fields below
10841084A SAM1084B AGI1084B P. 2Other IncomeNotesClear
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Borrower Name:
The following self-employed income analysis worksheet and accompanying guidelines generally apply to individuals:
  • Who have 25% or greater interest in a business
    		•
  • Who are employed by family members
    		•
  • Who are paid commissions
    		•
  • Who own rental property
    		•
  • Who receive variable income, have earnings reported on IRS Form 1099, or income that cannot otherwise be verified by an independant and knowable source.
    		•

    Form 1040 - Individual Income Tax Return
    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 (Explanation)....................................
    		(+)
    8. Negate Schedule E (Income) Loss.........................................................
    		(+/-)
    9. Nonrecurring Unemployment Compensation........................................
    		(-)
    10. Social Security Benefit (Explanation).........................................
    		(+)
    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 Propriertorship
    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 - Please Note
    23. Recurring Capital Gains/(Loss).........................................................
    		(+/-)
    Form 4797 - Sales of Business Property - Please Note
    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 the property's full PITI payment in qualifying ratios)
    		(+)
    Schedule F - Profit or Loss from Farming
    30. Non-Tax Portion Ongoing Coop and CCC Payments...........Explanation.
    		(+)
    31. Nonrecurring Other (Income) Loss.............
    		(+/-)
    32. Depreciation................................
    		(+)
    33. Amortization/Casualty Loss/Depletion............
    		(+)
    34. Business Use of Home..................
    		(+)
    (Consider K-1 income only if the borrower can document ownership and access to income, the business had adequate liquidity to support withdrawal, and the business has positive sales and earnings trends.)
    Partnership Schedule K-1 (Form 1065)
    35. Ordinary Income (Loss)............................
    		(+/-)
    36. Net Income (Loss)............................
    		(+/-)
    37. Guaranteed Payments to Partner....................
    		(+)
    S Corporation Schedule K-1 (Form 1120s)
    38. Ordinary Income (Loss)..................
    		(+/-)
    39. Net Income (Loss)..........................
    		(+/-)
    1040 Total
    Partnership, S Corporation, and Corporations
    Whether or not additional income from a Partnership, S Corporation, or Regular Corporation is used to qualify an applicant, lenders must still conduct an analysis of the business tax returns to ensure a consistent pattern of profitability. Any loss resulting from this analysis must be deducted from cash flow as it represents a drain on the borrower's income.

    The following sources of income may be considered for qualification provided:
  		• The borrower can document ownership and access to income.
  		• The business has adequate liquidity to support withdrawal of earnings.
  		• The business has positive sales and earnings trends.

    Partnership - Form 1065
    40. Passthrough (Income) Loss from Other Partnerships
    		(+/-)
    41. Nonrecurring Other (Income) Loss....................
    		(+/-)
    42. Depreciation.............................................
    		(+)
    43. Depletion...........................................................
    		(+)
    44. Amortization/Casualty Loss.................
    		(+)
    45. Mortgage or Notes Payable in Less than 1 Year
    		(-)
    46. Meals and Entertainment Exclusion...........
    		(-)
    47. Subtotal.................................................................................
    48a. Partnership % Ownership...................................................
    48b. Partnership Total (subtotal multiplied by % ownership)
    S Corporation - Form 1120S
    49. Nonrecurring Other (Income) Loss....................
    		(+/-)
    50. Depreciation.............................................
    		(+)
    51. Depletion...........................................................
    		(+)
    52. Amortization/Casualty Loss.................
    		(+)
    53. Mortgage or Notes Payable in Less than 1 Year
    		(-)
    54. Meals and Entertainment Exclusion...........
    		(-)
    55. Subtotal...........
    56a. S Corp % Ownership........................................................
    56b.S Corporation Total (subtotal multiplied by % ownership)
    Regular Corporation - Form 1120
    57. Taxable Income...................
    58. Total Tax.................
    		(-)
    59. Nonrecurring (Gains) Loss....................
    		(+/-)
    60. Nonrecurring Other (Income) Loss....................
    		(+/-)
    61. Depreciation.............................................
    		(+)
    62. Depletion...........................................................
    		(+)
    63. Amortization/Casualty Loss.................
    		(+)
    64. Net Operating Loss and Special Deductions...................
    		(+)
    65. Mortgage or Notes Payable in Less than 1 Year
    		(-)
    66. Meals and Entertainment Exclusion...........
    		(-)
    67. Subtotal...........
    68a. % Ownership..............................................................
    68b. Subtotal Multiplied by Ownership Percentage..(Explanation)
    69. Less: Dividends Paid to Borrower......
    		(-)
    70. Corporation Total
    Totals
    1040 Total...........................................................
    Partnership, S Corporation, and Corporation totals.........................
    Grand Total
    Year-to-date income from profit and loss statements may only be considered if it is consistent with the previous years' earnings. Allowable addbacks include depreciation, depletion, and other non-cash expenses as identified above.
    Year-to-Date Profit and Loss Statement
    1. Salary/Draws to individual................................................
    2. Total Net Profit
    		X% of individual ownership =
    3. Total allow add back
    		X% of individual ownership =
    4. Total..............................................................................
    Grand Totals for Both Years + YTD P&L = $
    Divided by # of months
    Total $................................................................................

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