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 over 4 years ago,

User Stats

560
Posts
690
Votes
Jeff Brower
  • Real Estate Agent
  • Willoughby, OH
690
Votes |
560
Posts

Lender wont count rental income in DTI if taxes are self filed?!

Jeff Brower
  • Real Estate Agent
  • Willoughby, OH
Posted
Has anyone heard of a newly released IRS rule that requires you to file with a professional if you want to use rental income in your DTI for new loan qualification purposes? I just went to get preapproved and my lender is telling me that since I self filed for 2019 they now wont count my income from my other rental properties. If this is true, and since I need to make an amendment anyways, can I file the amendment with a CPA and have that count? Crazy that he just sprung this on me, I have no words and have never heard of this before. I can ask him for the specific rule number. He said because lending is tightening and people can fudge rental income numbers if self filing that the IRS made this new rule. I have saved up cash and am actively looking for my next rental but this has stopped me in my tracks.

Loading replies...