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Sch C Comparative Income Analysis

This form is to be used to compare the borrowers business over a period of years. (FNMA 1088)
The user is to compare the taxable income year over year to determine the trend.

Part 1 - Gross Income Analysis

Step 1 = Enter the gross income figures
Step 2 = Determine the year over year change in gross income

Tax Year Current Year Most Rct. Year Prev. Year
Gross Income
SchC Box 1
Returns and Allowances
Sch C Box 2
Gross Income Total $0.00 $0.00 $0.00
% Change Year Over Year

Part 2 - Expense Analysis

Step 1 = Enter in the expenses in the box listed
The calculator will divide the matching years expenses into the gross income. It will then calculate the percentage of change year over year.

Tax Year Current Year Most Rct Year Prev. Year
Expenses
SchC Box4
Expenses
SchC Box28
Total Expenses 0 0 0
Expenses Divided Into
Gross Income
0 0 0
% Change Year Over Year

Part 3 = Taxable Income Analysis

Step 1 = Enter in taxable income found in the box listed in the first column
The calculator will divide the matching years taxable income into the gross income. It will then calculate the percentage of change year over year.

Tax Year Current Year Most Rct. Year Prev. Year
Taxable Income
SchC Line 31
Taxable Income divided
into gross income
0 0 0
% Change Year Over Year

Income Trend

Review the taxable income trend and determine if the trend is

Increasing Level Decreasing

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