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What proof of income is needed when having a small business?
If I have an S corp and that's my only source of income, what documentation should I be prepared to show?
Two or more years of tax returns.
@ezdriver wrote:Two or more years of tax returns.
Yes, but you would need to show the S-corp returns and your personal tax returns for each of the two years.
Also bank statements for the S-corp and your personal bank accounts.
@StartingOver10 wrote:@ezdriver wrote:Two or more years of tax returns. Yes, but you would need to show the S-corp returns and your personal tax returns for each of the two years. Also bank statements for the S-corp and your personal bank accounts.
Thank you! Bank statement for how long?
Minimum 2 months, the lender could ask for more because you are self employed.
