Would the 2012 w-2 be acceptable in lieu of the actual tax return from a guarantor for a rental?

Asked by Unspecified, Fri Feb 1, 2013

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6
Barbara Ann…, Agent, Brooklyn, NY
Fri Feb 1, 2013
Since the deadline for tax filing for 2012 isn't yet upon us, they'll probably ask for the 2012 W-2 and the 2011 tax return - but it should be only the first 2 pages if there's an acceptable W-2, not the full return.
1 vote
Debra (Debbi…, Agent, Livingston, NJ
Sat Feb 2, 2013
well Anna - I am glad you agreed with Gail!
0 votes
Anna M Brocco, Agent, Williston Park, NY
Sat Feb 2, 2013
Depends, each landlord is different...
0 votes
Gail Gladsto…, Agent, 11743, NY
Fri Feb 1, 2013
Each landlord has their own individual requirements.

Gail@GladstoneGroupRealty.com
0 votes
I still don't get why agents repeat the exact thing someone else just said - especially when it's a simple response??
Flag Sat Feb 2, 2013
Debra (Debbi…, Agent, Livingston, NJ
Fri Feb 1, 2013
you won't have to sign anything - the landlord doesn't contact the IRS - you will just have to show proof of income - whatever the multiple of the rent is that the landlord requires.....

when I was the guarantor for my son, who was renting in Manhattan, I just had to show my previous year's tax return......in this case the w2 should work..if in doubt - ask the landlord!

good luck
0 votes
Dan Tabit, Agent, Issaquah, WA
Fri Feb 1, 2013
Unspecified,
That will be up to the lender, but probably. You'll also have to sign a 4506T form which will allow the lender to obtain an independent copy of your taxes directly from the IRS. Make sure that what you provide the lender matches up with your previous filings or you could have a surprise.
0 votes
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