income from an asset in this section, make sure you also list that asset in the asset section. This form should reflect your current situation and show your present salary, even if youll quit your job to start the new business.     NoteNote about co-signers: If someone else will guarantee the loan with you-such as your spouse-fill in the requested information for that person as well.     Gross Salary and Wages: List all the sources of your income, including wages, earnings from your business and independent contractor work.     Income From Receivables and Loan Repayments: If anyone owes you money, list the annual payments you receive. If you have substantial income from loans, you may list interest income and principal repayments separately. Otherwise show the entire repayment amount. Rental Property Income: If you rent out real property or valuable personal property like a truck or piano, list the annual rental payments here. Include relevant details, such as your plans to raise the rent in six months.     Dividends and Interest: List the source and annual amount you expect to receive. Make sure that the information shown here corresponds to information you have shown in the Assets portion of your Personal Financial Statement. For example, if you list dividend income from several stocks and bank accounts here, they must be listed in the Assets portion.     Income From Business or Profession: If you already own a business, list the annual income.     Other Income: Describe any other source of income, such as payments from judgments, payments from business investments other than your main business, trust fund payments and so forth. Its generally a good idea to list alimony and child support payments you receive, since it increases your ability to repay any loan.     Total Annual Income: Add up the income you receive from all sources and fill in the total.       5. Determine Your Annual Living Expenses The goal of this part of the form is to make an accurate estimate of how much it costs you to live. Business expenses should be covered under a separate profit and loss statement for the business.     Real Estate Loan Payments or Rent: List your mortgage holder or landlord and your monthly payment. Indicate whether you rent or own. Fill in the annual total of all your rental or real estate loan payments, including principal and interest.     Property Taxes and Assessments: List your yearly liabilities if you own real property. Also list business non-real estate property, such as inventory or equipment, if it is taxed every year and the taxes are not shown on statements for your business.     Federal and State Income Taxes: Show your totals from last years income tax forms. If this years taxes will be very different from last years, make an estimate. Especially if youre an independent contractor, you may want an accountant to help you prepare your estimated taxes for the year.     Other Loan Payments: List payments for all of the non-real estate loans, notes, charge accounts and credit cards you listed in the Liabilities part of the form. Use last years numbers unless they have changed substantially; if they have, append a sheet and explain.