When filing income taxes, what to do if the loss is greater then the total annual income?
Can you still write off the loss, if it exceeds the total annual income?
What annual income is needed to buy a $325,000 house?
I am planning to purchase my first home in the next 6 months. Just wondering what is the average yearly income requirements are for a mortgage loan of this amount? My annual income is just over $90,000 will I qualify?
What is the annual income I should write on the form I-864, Total income or adjusted gross income?
I'm self employed, and, in my tax return my total income is enough to be a sponsor, but after "self employed taxes", my adjusted gross income falls a little behind the line. They ask to write my adjusted gross income for the last three yeas, I understand that, but I don't know what to write on line 23 where they ask my "individual annual income". Any help?
Thanks