Are Unreimbursed Business Expenses Keeping You from Financing a Home?

The IRS defines unreimbursed business expenses as 2106. It is possible to attain financing for a home purchase or to refinance your current residence even while having these listed on your tax returns. In order to ensure eligibility, it depends on the following factors.

1. You must be a wage earner (W2) for at least two years
2. Commission income is under 25%
3. As long as you’re not employed by a family member.
4. Also, no other properties can be owned by you except for your primary home.