How many months of bank statements do you ask for during DD?

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August 17, 2023

by an investor from Purdue University in San Francisco, CA, USA

i've been provided with tax statements but curious to see what is the usual ask when it comes to bank statements? Thanks!

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Reply by a professional
from James Madison University in Washington, DC, USA
###-###-#### months. Is always best practice. Asking for 5 years at the start may cause some push back.

I always like the crawl, walk, run approach (start with 12 months then follow with 36 months) when it comes to requests as this yields the best results.
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Reply by an intermediary
from Harvard University in San Diego, CA, USA
36 months of monthly statements. You should be able to track the money on the monthly P&L and match it to the deposits and withdrawals on the bank statement. You should then tie the P&L to the tax return
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