29 July 2018 | 10 replies
We do Electric and Natural has audits constantly.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/246472/small_1714846985-avatar-jec83b.jpg?twic=v1/output=image&v=2)
3 August 2018 | 7 replies
Are they going to do a Residency Audit?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1113324/small_1621509085-avatar-johnc781.jpg?twic=v1/output=image&v=2)
3 August 2018 | 4 replies
I am a broker, and as far as I know the lease agreement and the disclosures signed are all that is required if audited by the DRE.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1116033/small_1621509128-avatar-nancys67.jpg?twic=v1/output=image&v=2)
5 August 2018 | 49 replies
And an audit of the books.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/203791/small_1694662720-avatar-jimbobjunior.jpg?twic=v1/output=image&v=2)
6 August 2018 | 12 replies
It helps the accountant verify you've coded things correctly and it will be a life saver if you are audited.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1119226/small_1696692496-avatar-kyleh173.jpg?twic=v1/output=image&v=2)
5 August 2018 | 2 replies
Now if you ever got audited, the IRS might disallow the non-gain transaction, but not likely.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/107685/small_1695255841-avatar-mynewname.jpg?twic=v1/output=image&v=2)
15 August 2018 | 16 replies
For commercial buildings, we usually use an LOI instead of an offer and it lays out due diligence (i.e. physical inspections, rent audits, T-12) before the P&S is even signed.
15 August 2018 | 6 replies
My understanding is that this deduction is often misused and may cause you to be more likely to be audited.
14 August 2018 | 8 replies
Will it only be discovered during an audit or are there some other checks and balances in place?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/497205/small_1621479336-avatar-deepikat.jpg?twic=v1/output=image&v=2)
26 August 2018 | 10 replies
RE Pro claims are very regularly audited by the IRS.