A borrower's tax returns show significant unreimbursed employee expenses on Form 2106. How does an underwriter typically handle this?
-
A
The expenses are ignored because the borrower is a W-2 employee
-
B
The 2106 expenses are subtracted from the borrower's gross W-2 income
-
C
The expenses are averaged over two years and added to qualifying income
-
D
The borrower must provide employer reimbursement statements to exclude the expenses