Quote:
Originally Posted by Cecil Terwilliger
If your income stated on your tax returns/NOAs is shown to be consistant you should be able to use it as income for a loan/mortgage application.
Unless you're referring to not being able to use income that you don't claim but I think the answer to that should be obvious.
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I think that's the case now, but when I was bartending(10+ yrs ago) you couldn't even claim tips you declare as it wasn't considered guaranteed income. I seem to remember them changing the rules though.
Not sure it would have changed anything but it's how I rationalized it at the time.