I recently started a job as a 1099 and have a few questions about developing a P&L Statement as I attempt a Loan Mod. Can I add my health and Dental Insurance as an expense to the P&L. I really have no other expenses as I get reimbursed for Mileage and travel. I work from a home office.
Also I have not incorporated as an S corp or Sole Proprietor. Does this make a difference when saying you are self employed and submitting a P&L to the bank?
Lastly, if I contribute to an IRA can this be listed under expenses?
I am sure I can list these as expenses but I am unsure if Chase will count them as expenses. Any insight is appreciated.