What tax forms are needed for self-employed borrowers?

Tax Forms Needed:

Sole Proprietor-

  • 2 years personal federal tax returns (all schedules)
  • 2 years State returns

Partnerships & LLCs-

  • 2 years personal Federal Tax Returns (all schedules)
  • 2 years State Returns
  • 2 years Business Returns (Form 1065 along with Schedule K-1)

S-Corp-

  • 2 years Personal Federal Tax Returns (all schedules)
  • 2 years State Returns
  • 2 years Business Returns (Form 1120s along with Schedule K-1)

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