Can we add back depreciation and Sec. 179 expense deduction in calculating debt to income ratio?
My husband is self employed and started his own business two years ago. He had quite a bit of Sec. 179 expense deduction when starting his own business. So, the lender is looking at our combined AGI for the past two years (I have a w2 job). Would we be able to add back the depreciation & Sec. 179 deduction taken on his schedule C to decrease the debt to income ratio?