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The mortgage companies ask for 1040s from previous years, so they're generally looking at your take home after taxes. When I was self employed, my take home wa
by mrkurt 17y ago
The mortgage companies ask for 1040s from previous years, so they're generally looking at your take home after taxes. When I was self employed, my take home was generally substantially less than it could have been, because I could leave money in the corporation. I suspect it's similar for most people who use corporations intelligently.