Am I gonna lose my home loan or am I catasrophizing?

[CottageHore]

Reddit isn't working rn and I'm having a tiny panic attack cuz I'm an anxious person lol  (I'm mostly looking for reassurance, try not saying anything that'll have me self-admit) 

 

I am a first time homebuyer. Last year, from Nov 2023- Dec 2023 I started making money on TikTok and made $2,300. I have a 1099 I've shown them proving this income was earned. I found a house and signed the Loan Estimate the other day. 

Today, my loan officer said this in an email:

"Your loan is out of underwriting with a conditional approval.  Underwriting is asking for the following of you could please provide when you have time:

 -2022 and 2023 – 1040 Federal tax returns (all pages) to document Tik Toc Income
- Bank statements through November

Going back to TurboTax I noticed I'm dumb and didn't put the $2,300 I earned from TikTok in 2023 in and it doesn't show this MISC income on my tax return. This was an oversight and stupid but idc about the IRS right now, I'm having a panic attack, thinking they'll now take away my loan and this will make me lose the house. Am I overreacting? Will I be okay? Is this mostly formality? (I simply responded with my 1040 and 1099 and gave the document asked and didn't say more than that yet, just waiting anxiously). 
 

Edited 4 hours ago by CottageHore

[Reginald]

47 minutes ago, CottageHore said:

TikTok Income

Now hold on --

 

[loveisdead9582]

Only $2300?? You should be fine. Contact an accountant or find someone who does taxes. They can file an amended return for you. I'm not an expert by any means but I'm pretty sure that $2300 shouldn't alter your tax returns by much. If it does it you shouldn't owe much. You have TurboTax so you might be able to use the program to file the amended return yourself and just submit that for your loan officer. 

Edited 3 hours ago by loveisdead9582

[suburbannature]

This is giving me flashbacks to the thread I made when I was afraid I was going to lose mine 

 

[fememeist]

You shouldn't own a house

[CottageHore]

27 minutes ago, suburbannature said:

This is giving me flashbacks to the thread I made when I was afraid I was going to lose mine 

 

What happened babe? Am I about to be homeless?

[CottageHore]

4 minutes ago, fememeist said:

You shouldn't own a house

Shut up 

[Smarticle]

15 minutes ago, CottageHore said:

What happened babe? Am I about to be homeless?

He asked ATRL for money 

[suburbannature]

2 hours ago, CottageHore said:

What happened babe? Am I about to be homeless?

My dad and I were splitting closing costs and he made a last-minute decision to put it on me after I had signed - took me forever to convince him not to leave me hanging like that. Nothing to do with your situation.