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Updated almost 8 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Kenny L.
  • Investor
  • Minneapolis, MN
1
Votes |
6
Posts

Seller Doesn't Have Schedule E?

Kenny L.
  • Investor
  • Minneapolis, MN
Posted

I have a 4plex in contract now and we are trying to verify all the income and expenses. The buildings held in an LLC and we've been asking for the schedule e but the sellers told us "We don't file a separate tax for the company. It's an addendum to our personal tax."

They've sent us all the lease agreements and P&L from their management company. Is there something fishy going on I should look out for?

Thanks!

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