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R
RWRDfamily
September 28, 2022
Question

How long should I keep the tax return records?

  • September 28, 2022
  • 2 replies
  • 0 views

How long should I keep the tax return records?  I do own properties like house and condo.

 

 

    2 replies

    D
    darin_w
    September 28, 2022

    Hi @RWRDfamily!  Like a lot of things related to tax law, the answer is it depends.  I have included a link to the IRS recommendations below, but in general you would need to keep records for a minimum of 3 years.  However, since you mention having properties, you will want to keep those records longer to figure any depreciation, amortization, and to determine the gain or loss on sale of property.

     

    How long should I keep records? 

    VolvoGirl
    VolvoGirl
    September 28, 2022

    I have all my records from 1970.

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