CC App Income Question self employed

[Anonymous]

All of my wife's income comes into our joint account. So can I report her gross in my income?

Also do I report the gross income for my schedule C (not profits)?

I have so far reported her gross with my profits. Can I report her gross with my schedule C gross income (not deducting expenses)?

[Skye12329]

Im not sure how self employed income works but generally when i apply for anything i put down all available income to me. So since my partners income is available to me (share a bank account) i include his since its used to repay balances.

So in my opinion use any income available to repay the balance.

[Anonymous]

It's actually not "schedule" V, it's form 1040-V. The income you should use for your self employment would be what appears on line 37 of your form 1040. Plus whatever household income that you may want to include.

[stagefoursurvivor]

The consensus, especially dealing with a lender such as AmEx,  asserts "avialble income" as that reported jointly if a FR is required. It will NOT be judged as income for lending purposes if it's a roomie, "partner', child or Uncle Buck.

The key issue being IF there's a FR triggered...YMMV

[Anonymous]

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@Anonymous wrote:

It's actually not "schedule" V, it's form 1040-V. The income you should use for your self employment would be what appears on line 37 of your form 1040. Plus whatever household income that you may want to include.

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I meant schedule C.