Looking to purchase home

Forum|Forum|3 years ago
November 16, 2022
2 replies
19 views

Hello, I am a gig economy worker and I want to get a mortgage for my first property in January 2023. How should I file my taxes so that I qualify for an FHA loan?

Side note: this year when I applied for a FHA loan I was turned down because my tax return showed I didn’t make any income because of too many write offs.

drc845443

Level 6

Hello there!

When you file your tax return, you should declare all your income from all sources, and claim all the deductions (write-offs) you are entitled to.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

ee-ea

Alumni - Champ

Find another lender. One who can read a tax return and see how much money you have to pay the loan. The amount of discretionary income you have is not a line item in a tax return.