Fannie Mae Selling Guide B3-3.1-02: Tax Return and Transcript Documentation Requirements
Tax returns and transcripts can be used to calculate and verify certain types of borrower income.
Fannie Mae publishes the full text of this section: Fannie Mae Single Family Selling Guide on the Fannie Mae website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- Federal Income Tax Return Standards
- Using Tax Return Transcripts in Lieu of Tax Returns
- Use of IRS Form 4506-C to Verify Borrower Income Documentation
- Retaining Tax Documents
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.

