Happy814
Mouseketeer
- Joined
- Aug 24, 2018
If I had a legit business reporting through Sch. C or Sch. E I'd probably report the greater of my Household W2 Income OR my Household AGI on my 1040. IF you ever needed to prove the number then it would be very easy.
It's a Sch. F so huge swings between cash and accrual. Hopefully they would accept accrual adjusted financials in lieu of tax rtn. if it ever came to that.
When I got my CIP in Aug I def used gross. Do you think it will throw a red flag to apply for the SW pers using net numbers? I feel like gross revenue on the CIP was needed bc I feel like they would want to know est. inflows and outflows to estimate a credit need? Idk?