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New Member
posted Jun 23, 2020 6:41:59 PM

I like to know if i can do my 2020 profit and loss form and who can help me to do it

I trying to buy a house and they ask me for 2020 profit and loss

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3 Replies
Level 15
Jun 23, 2020 6:43:50 PM

Do they want your 2019 schedule C?  2020 is not over yet and not available.

Level 15
Jun 23, 2020 8:13:07 PM

If you use Quickbooks for your business, simply pull a profit/loss report from there for any time period you want. Takes about 5 seconds.

 

Level 15
Jun 24, 2020 3:26:32 PM

A P&L is an accounting term and will not be found on an income tax return.  

 

Basically what the bank wants is a total of your income and expenses to date ... supply that information in any manner you can that they will accept.