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Updated about 5 years ago, 10/31/2019
Calculating Income on FHLMC Rental Form 8825....Need Help
All the properties are personally financed but shown in form 8825. Can we wash out PITIA from LOS and calc the net rental income as a regular SE income if we go thru FHLMC. As per UWM, they calculate the self employed income but at the same point putting the PITIA of all properties in the liability. Please advise.