Tag Archive for: 2106 expenses

Beware of “2106” Expenses; Lenders Must Do Full Pre-Approval

This is a reminder to watch for “2106 expenses” buried in tax returns. It is also why lenders MUST do a thorough pre-approval for all borrowers, as opposed to a […]Read More

Beware of “2106 Expenses” and Rookie Loan Officers

2106 Expenses are expenses that salaried/W2 employees can take against their income if the expenses are considered “trade or business related.” These expenses can include items for cars, cell phones, […]Read More