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Updated about 4 years ago on . Most recent reply
Rental income (documented) vs. rental history
Later this year I plan on purchasing my second rental property (first was my prior primary residence and now is a rental). My first rental does not show on my tax returns the last two years, but the rental history is perfect so far. When I apply for a loan to purchase another rental, will my rental history (shown with past and current leases combined with bank statements proving rental income) be enough, or will I absolutely have to show it on my tax returns? I am trying to decide what to do soon, before I file my taxes for 2020. Thanks!