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re: USDA Loan - Business Loss reported on prior Tax Return. Help!
Posted on 4/7/16 at 10:26 am to sdedwar2
Posted on 4/7/16 at 10:26 am to sdedwar2
If the business closed in 2015, and you can show that it actually did, with documentation such as closing bank account, any documents filed with the state showing the company is shut down, etc, provide that to the underwriter. Basically you are wanting to show that the 6K loss will not happen in the future.
If you can give assurance that this is not a recurring thing, a good underwriter should be able to work through this.
If you can give assurance that this is not a recurring thing, a good underwriter should be able to work through this.
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