Anonymize rental property addresses on Schedule E?

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Anonymize rental property addresses on Schedule E?

Trevor Levine
Member since 2020 · 22 posts · 2 votes

Hey there! I'm using disregarded LLCs to anonymize the owner of my rental properties. (The member/manager of my CA LLCs will be a WY LLC). However, I realize that if I'm hit with a judgement, I'll have to show the plaintiff my tax returns. And Schedule E will show my rental property addresses, blowing my anonymity. So...

Am I allowed to file Schedule E with anything other than the full street addresses? For ex, can I call them "Oakland duplex" and "San Francisco duplex". Or if not, what part of the address must be shown, and what part can be left off? Thanks!

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Basit SiddiqiBusiness Member
Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
6y

@Trevor Levine

Who told you that you will have to disclose your tax return in a lawsuit?

You are required to show the street, city, state and zip code of your property.

[email protected]917-280-8544
Basit Siddiqi CPA4.979 Reviews
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  • Basit SiddiqiBusiness Member
    Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
    6y

    @Trevor Levine

    Who told you that you will have to disclose your tax return in a lawsuit?

    You are required to show the street, city, state and zip code of your property.

    [email protected]917-280-8544
    Basit Siddiqi CPA4.979 Reviews
    View Page
    1Reply
  • Trevor Levine
    OP
    Member since 2020 · 22 posts · 2 votes
    6y

    Thanks Basit. So the street number is not required? Meaning, I can just put "Main Street, Oakland CA" instead of "123 Main Street, Oakland CA"?

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  • Ryan Landis
    Residential Real Estate Broker · San Mateo, CA · Member since 2013 · 585 posts · 264 votes
    6y

    @Trevor Levine I imagine this is something you probably want to sit down with your attorney and accountant to square away given your concern on what could happen!

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  • Trevor Levine
    OP
    Member since 2020 · 22 posts · 2 votes
    6y
    To answer your question Basit, Clint Coons from Anderson Advisors said that if someone wins a judgement against me, I will have to disclose my tax return. Now to clarify your answer, are you saying I can just call one of my properties "Main St" on Schedule E? I don't have to included the number like this?..."123 Main St".

    Originally posted by @Basit Siddiqi:

    @Trevor Levine

    Who told you that you will have to disclose your tax return in a lawsuit?

    You are required to show the street, city, state and zip code of your property.

    0Reply
  • Basit SiddiqiBusiness Member
    Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
    6y

    @Trevor Levine

    A plaintiff asking to see your tax return?
    Looks like you need to speak with actual professionals and not ones who want to scare you to buy into their services.

    [email protected]917-280-8544
    Basit Siddiqi CPA4.979 Reviews
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  • Trevor Levine
    OP
    Member since 2020 · 22 posts · 2 votes
    6y
    Thanks a lot Basit. I just googled it. A Nolo Press article says "The creditor can also require that you bring certain types of documents to the debtor's examination, such as tax returns".
    If you think this is incorrect, I'd love links to any websites or articles contradicting this, I'd love to get them.
    To find it google "Nolo how-do-judgment-creditors-find-your-property.html"

    "
    Originally posted by @Basit Siddiqi:

    @Trevor Levine

    A plaintiff asking to see your tax return?
    Looks like you need to speak with actual professionals and not ones who want to scare you to buy into their services.

    0Reply
  • Trevor Levine
    OP
    Member since 2020 · 22 posts · 2 votes
    6y
    Thanks @Basit Siddiqi. According to a Nolo press article, "The creditor can also require that you bring certain types of documents to the debtor's examination, such as tax returns".
    You can find that by searching for "Nolo how-do-judgment-creditors-find-your-property"


    Originally posted by @Basit Siddiqi:

    @Trevor Levine

    A plaintiff asking to see your tax return?
    Looks like you need to speak with actual professionals and not ones who want to scare you to buy into their services.

    0Reply
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