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If you’re self-employed and you file a 1065 or an 1120 you have a K-1 that carries over your income or loss of income from your business return to your personal return. When calculating income for self-employed individuals, we look at the percentage of ownership. If you own less than 25% of a business the complete business return is not needed. #themortgagehunter #darinteed #realestateagents #realestate #vahomeloanexpert
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