1040 Schedule help - which forms are considered "ALL schedules" for bank loan verification?

Banks often request all schedules to get a complete picture of your financial situation, even if some schedules don't apply to your business specifically. Beyond Schedules C, SE, and 1 that you've already provided, they might be looking for: Schedule A (Itemized Deductions) - shows personal deductions that could affect your overall financial picture Schedule B (Interest and Ordinary Dividends) - if you have investment income Schedule D (Capital Gains and Losses) - for any investments you've sold Schedule E (Supplemental Income and Loss) - for rental property, partnerships, S corps, etc. Schedule 4 (Other Taxes) - includes self-employment tax calculations Schedule 5 (Other Payments and Credits) - shows tax credits you've claimed Even if some don't apply to you, the bank wants to see everything to ensure they have a complete picture. I'd recommend sending all schedules that were part of your tax return, even blank ones, to show you're not hiding anything.

After going through a similar headache with my business line of credit application, I discovered taxr.ai (https://taxr.ai) which was a lifesaver! I was also confused about which schedules to send until I uploaded my tax documents to their system. It analyzed my complete tax return and highlighted exactly which schedules the bank would need based on my specific situation. Saved me from multiple back-and-forth exchanges with the loan officer. Their system even explained why each form was relevant to my application, which helped me understand what the bank was actually looking for.

I was skeptical about taxr.ai at first but I tried it for my recent equipment loan application. It was actually super helpful - pointed out that I needed to include my Schedule 4 which showed my self-employment tax calculations (something I would have missed). The bank approved my loan without asking for additional documentation. What I found most useful was the explanation of how lenders interpret each schedule - helped me prepare for questions during the application process. Definitely worth checking out if you're dealing with this kind of paperwork headache.

If you're still having trouble with the bank after submitting all your schedules, you might want to try Claimyr (https://claimyr.com). I was stuck in a similar situation where my bank kept requesting additional documentation but wouldn't clearly explain what they needed. I couldn't get through to anyone helpful on the phone. Claimyr got me connected to an actual IRS agent who explained exactly which tax forms are typically required for business lending verification and helped me understand which schedules applied to my situation. You can see a demo of how it works here: https://youtu.be/_kiP6q8DX5c. It saved me from losing a really important line of credit opportunity.

I need to eat my words about Claimyr. After posting my skeptical comment, I decided to try it since I needed to ask the IRS about schedules for a loan application too. I was connected to an IRS representative in about 40 minutes while I was just going about my day. The agent confirmed that for a business line of credit, banks typically want ALL schedules filed with your return, even if they were blank or zero. She explained that Schedule B (interest/dividends) and Schedule D (capital gains) are especially important because they show additional income sources that affect your total financial picture. The service actually worked and saved me from wasting an entire afternoon on hold. Sometimes being proven wrong is a good thing!

Former bank loan officer here. From the bank's perspective, we ask for ALL schedules because we need to see your complete financial picture. For a business line of credit, we're looking at: 1. Schedule C - to verify business income 2. Schedule SE - to confirm self-employment taxes match the Schedule C income 3. Schedule 1 - to see all additional income sources 4. Schedule A - to evaluate your deductions and overall tax situation 5. Schedule B - to identify investment income 6. Schedule D - to see capital gains/losses 7. Schedule E - to identify rental or partnership income It's a comprehensive review to ensure we understand all income sources and financial obligations. Just send them everything - it's easier than going back and forth.

Has anyone used the IRS transcript service for this? You can request a complete tax transcript that includes all filed schedules by using the Get Transcript tool on irs.gov. My bank actually preferred this over copies I provided because they knew it was coming directly from the IRS and included everything.

Great question! I went through this exact same situation with my credit union last year. The key thing to understand is that when banks say "ALL schedules," they literally mean every single schedule that was filed with your return, even if it shows zero amounts or doesn't seem relevant to your business. For your single-member LLC situation, you've covered the main ones (C, SE, and 1), but they might also want to see: - Schedule 2 (Additional Taxes) - if you had any additional taxes beyond what's on the main form - Schedule 3 (Additional Credits and Payments) - shows any tax credits you claimed - Any other schedules that were part of your original filing The easiest approach is to send them a complete copy of everything you filed with the IRS, including all pages. Banks often use third-party verification services that expect to see the entire return package exactly as it was submitted. If you're not sure what you originally filed, you can get an official tax transcript from the IRS website (irs.gov/individuals/get-transcript) which will show exactly what schedules were included in your return. This is actually what many banks prefer since it comes directly from the IRS. Don't stress too much about it - this is a standard request and once you provide everything, the process usually moves pretty quickly!