I was doing a Schedule J online and we are about $1000 over our monthly gross income. Exactly how do they figure out your income for a schedule J? I didn't figure that you would use your gross income since no taxes have been taken out yet. There is not a category for a 401k repayment loan, what do you do about this? I have a repayment loan for another 3 yrs. I took out a loan for 22,500 and paid bills with it. I have already tried to get out of paying this loan back but they will not allow it. Since I paid bills with this money, surely they would allow this to be included as a expense. I read that they get suspicious on 401k loans. I guess some people take them out and put the money aside, then use them to jack their expenses up so they can pass the tests for bk. We are currently under the median level, but I am wanting to make sure about the schedule I and J.
Thanks Dennis
Thanks Dennis