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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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.
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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