Asked by Cynthia, Steamboat Springs, CO • Thu Aug 30, 2012
Self Employed 18 years same business. Average 70K a year (after adding back in business use of home, depreciation, etc). FICO 780. $30 - 40K down. Thought I would be okay but had a 32K one time, non-recurring capital loss in 2008. Mortgage rep says I have to deduct capital loss carry-over shown on most recent tax returns ($20,000 and $23,000 respectively) from qualifying income. Is this correct or do I need a second opinion?
Real Estate in Denver
Popular Categories in Denver
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!