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Turbotax files

How long should I keep my Turbo Tax files and discs?  I have some going back over 20 years and would like to shred them, but don't know how much to keep.

 

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Level 15

Turbotax files

The IRS states that:  Keep records for 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later, if you file a claim for credit or refund after you file your return. Keep records for 7 years if you file a claim for a loss from worthless securities or bad debt deduction.

https://www.irs.gov/businesses/small-businesses-self-employed/how-long-should-i-keep-records

 

You can get rid of any files or disks that are not needed.

 

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1 Reply
Level 15

Turbotax files

The IRS states that:  Keep records for 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later, if you file a claim for credit or refund after you file your return. Keep records for 7 years if you file a claim for a loss from worthless securities or bad debt deduction.

https://www.irs.gov/businesses/small-businesses-self-employed/how-long-should-i-keep-records

 

You can get rid of any files or disks that are not needed.

 

View solution in original post

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