Calculator · Schedule C add-backs
Self-employed income before you apply.
Enter two years of net income plus common add-backs. The output is a simple 24-month monthly average — the starting point many lenders review before debt ratios, reserves, and program rules.
Year 1 · older return
Schedule C income and add-backs
Use the annual net profit or loss before add-backs.
Usually shown as a non-cash expense on the return.
Often reviewed separately from regular operating expenses.
Another common non-cash expense underwriters may add back.
Only use expenses a lender can document as non-recurring.
Year 2 · newer return
Schedule C income and add-backs
Use the annual net profit or loss before add-backs.
Usually shown as a non-cash expense on the return.
Often reviewed separately from regular operating expenses.
Another common non-cash expense underwriters may add back.
Only use expenses a lender can document as non-recurring.
24-month average qualifying income
Estimated monthly income after common add-backs.
Breakdown
- Year 1 net income
- $82,000
- Year 1 add-backs
- $0
- Year 1 adjusted income
- $82,000
- Year 2 net income
- $96,000
- Year 2 add-backs
- $0
- Year 2 adjusted income
- $96,000
- Two-year adjusted total
- $178,000
- Annual average
- $89,000
Notes
- · This is a planning tool, not an underwriting decision.
- · Lenders can treat K-1s, S-corps, partnerships, and declining income differently.
- · Keep the tax return pages that show each add-back so an officer can check the math.