Investor · Fort Collins, CO · Member since 2019 · 9 posts · 2 votes
Looking to buy a new commercial property, and wanted to see their tax return to see if their numbers matched. I'm not sure the specific form I am asking for, but I believe the most reliable information about a properties income is on the previous year's tax return. Was just wondering if anyone had some advice about the right way to ask.
Investor · SC NC, VA · Member since 2020 · 1k+ posts · 756 votes
6y
Just ask for the schedule E or C. I’ve been asked for this before and always refused as my wife and I do thé E’s as part of our joint filing. They can show you the bills themselves, that’s always been fine with me.
Investor · Dallas-Ft Worth · Member since 2020 · 8 posts · 2 votes
6y
I have been in both situations asked and been asked in all cases I had no problem disclosing it I even included it when I returned the signed contract because I anticipated they would ask....they were very appreciative. I'm assuming your looking at a multi-tenant commercial building??? In either case if they didn't want to disclose the tax return then I would ask them for something else to back up their numbers i.e. rent roll, copy of all leases/expenses etc.