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#2230153 - 02/03/20 09:39 PM Income reportable on Investment
Lizz Offline
100 Club
Joined: Aug 2013
Posts: 128
Dunkirk NY
I have a borrower that has an Investment loan application - not titled as an LLC - and is not living at the investment property - do we report his income?? I was thinking of REG Z - investment - no income - no rate spread.. ??

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#2230156 - 02/03/20 09:55 PM Re: Income reportable on Investment Lizz
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
If the loan is to an individual you report the income regardless of the loan's purpose.
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The opinions expressed are mine and they are not to be taken as legal advice.

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