Once you've learned the basics of building qualifying income from the tax returns of self-employed borrowers, you'll be ready to take your knowledge to the next step with this session that zeroes in on evaluating partnerships (Form 1065).

During this 60-minute session, we'll teach you how to document, then calculate and, finally, analyze the following:

• Use of guaranteed payments as part of qualifying income
• Why some Schedule K-1s show negative income but positive distributions
• Receipt of other income and when it can be retained
• Why LLCs use IRS Form 1065 to report their earnings