The Pathless Path with Paul Millerd cover image

#120 How Do You Buy A Home While Self-Employed? Catherine Cusick on her path, acting, economics of Broadway, longreads, independent book sales, buying a home, digital media & how to navigate hostile US self-employment regulations,

The Pathless Path with Paul Millerd

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Credit Unions Are More Local and Educating the Community

"I re-engineered my life to make those lines look different for the next two years," she says. "The big difference is that a lot of the ratios that mortgage underwriters are looking at are based on your adjusted gross income" The tax strategy for being self-employed, which even if you're notself-employed, is to write off your expenses and to claim qualified business expenses because it adjusts your gross income. So you're taxed on a lower income because you're proving on paper well so much of this money went back out the door.

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