Please use the following quick reference guide to assist you in completing Freddie Mac Form 91. This form is for
suggested guidance and does not replace Freddie Mac instructions or applicable guidelines.
Note: For entries with the marker (+/–) type a ‘-‘ for entering a negative amount. Example: –12,345.67
Calculator and Quick Reference Guide:
Form 91 Income Calculations
1 W-2 Income from self-employment (reported on IRS
Forms 1040 and 1120 or 1120S)
2020 2019 NOTES
Name of Business:
W-2 Income, Section 5304.1 (d)
1
+
1
Validate with business returns and
IRS Form 1125-E, Compensation of
Officers, as applicable
Subtotal of W-2 Income From Self-employment
$ $
2 Schedule B – Interest and Ordinary Dividends 2020 2019 NOTES
Recurring interest income (Chapter 5305) (Line 1)
+
Recurring dividend income (Chapter 5305) (Line 5)
+
Dividend income from self-employment reported on IRS Form
1120
–
Subtotal of Dividends and Interest
$ $
3 Schedule C — Profit or Loss from Business (Sole
Proprietorship) (Chapter 5304)
2020 2019 NOTES
Name of Business #1:
Net profit or loss (Line 31)
+/–
Non-recurring other income or loss, or expenses (Line 6)
+/–
Depletion (Line 12)
+
Depreciation - See three lines below for additional vehicle
depreciation (Line 13)
+
Meals and entertainment exclusion (Line 24b)
–
Amortization or casualty loss - Only add back Amort/CL
(Review C, Page 2, Part V)
+
Business use of home - Follow investor credit policy (Line 30,
Form 8829 or Simplified Method Worksheet)
+
Business Miles (Page 2, Part IV, Line 44a or Related 4562, Line 30)
x Depreciation Rate (2020-27¢ and 2019-26¢) $ $
= Total Mileage Depreciation
+
$ $
Subtotal from Schedule C, Business #1
$ $
Page 1 of 6
Borrower(s) Name(s)
Property Address
Loan Number
For full functionality, download and save PDF first before entering data.
Please download before each calculation as calculators are updated periodically.
I. Income Calculations from IRS Form 1040
IRS Form 1040 Federal Individual Income Tax Return
This calculator can be found at https://new.mi.genworth.com/self-employed-borrower-calculators.