Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago,

User Stats

23
Posts
7
Votes
Terry Mewhinney
  • Plumbing Contractor
  • Grants Pass, OR
7
Votes |
23
Posts

Profit/loss statement and taxes for property

Terry Mewhinney
  • Plumbing Contractor
  • Grants Pass, OR
Posted

There is a seven plex I am looking at, I asked the owners for profit/loss statement, and taxes for the last two years. They are having a hard time coming up with the last two years taxes, they say they are lumped in with other real estate they own. They also give me profit/loss statements on standard paper, it looks like they could put any numbers on the statement they want. So, my question is, can the property be lumped into other owned property and they can't really single this property out to show the taxes, or do they have to file separately, for each property.  I will wait and see what the answer is for this question before I ask the next. Thanks everyone.

Loading replies...