Yes, you can discard the TurboTax Software disc after 3 years, as after 3 years you can no longer amend your return. This would be the primary reason for needing the program after you file. But if you are concerned with an audit and the potential for a substantial error, you may want to keep it for 6 years as that is as far back as they usually go. Keeping the disc, is not absolutely necessary, as you can and should save a PDF copy and print a copy of your return and all the supporting worksheets when you file your return. This will give you all the information you need in case of an audit or any other reason you may need an old tax return such as items that can carry forward from year to year or depreciation on a rental property taken over the years.
Generally, the IRS can include returns filed within the last three years in an audit. If we identify...
Something else to consider when deciding when to throw away the old disc, is if your operating system supports the program for that year. For example, TurboTax 2020 will not run on Windows 11, it says it is compatible with Windows 8 and 10. So if you have Windows 11, TurboTax 2020 or earlier would not run on your computer.
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