https://ttlc.intuit.com/community/taxes/discussion/retaining-back-up-documents-roth-ira-conversion-and-also-medical-docs/01/3682890#M1361148 <P>Twelve or so years ago, I had to amend my Federal Return due to an accountant incorrectly calculating conversion to Roth IRA's for both my spouse and myself.&nbsp; The amended return was accepted&nbsp; We have not taken any RMD due to our age, but am wondering if I can now get rid of all the paperwork (except for the returns).&nbsp; I'm referencing paperwork and correspondence&nbsp; back to the original 2004 IRA contributions including several changes of companies that managed the IRA's before and after conversion.</P><P>&nbsp;</P><P>Y'all are probably laughing at me, but I worked in the legal field and was taught to NEVER throw anything away!&nbsp;</P><P>&nbsp;</P><P>2nd question - do I need to keep all the supporting docs for years worth of medical expenses?&nbsp; I don't believe I ever was able to itemize them, but kept for HSA backup.&nbsp;</P><P>&nbsp;</P><P>Many thanks!&nbsp;</P><P>&nbsp;</P> Sat, 10 May 2025 19:24:38 GMT Benjamine 2025-05-10T19:24:38Z https://ttlc.intuit.com/community/taxes/discussion/retaining-back-up-documents-roth-ira-conversion-and-also-medical-docs/01/3682890#M1361148 <P>Twelve or so years ago, I had to amend my Federal Return due to an accountant incorrectly calculating conversion to Roth IRA's for both my spouse and myself.&nbsp; The amended return was accepted&nbsp; We have not taken any RMD due to our age, but am wondering if I can now get rid of all the paperwork (except for the returns).&nbsp; I'm referencing paperwork and correspondence&nbsp; back to the original 2004 IRA contributions including several changes of companies that managed the IRA's before and after conversion.</P><P>&nbsp;</P><P>Y'all are probably laughing at me, but I worked in the legal field and was taught to NEVER throw anything away!&nbsp;</P><P>&nbsp;</P><P>2nd question - do I need to keep all the supporting docs for years worth of medical expenses?&nbsp; I don't believe I ever was able to itemize them, but kept for HSA backup.&nbsp;</P><P>&nbsp;</P><P>Many thanks!&nbsp;</P><P>&nbsp;</P> Sat, 10 May 2025 19:24:38 GMT https://ttlc.intuit.com/community/taxes/discussion/retaining-back-up-documents-roth-ira-conversion-and-also-medical-docs/01/3682890#M1361148 Benjamine 2025-05-10T19:24:38Z https://ttlc.intuit.com/community/taxes/discussion/re-retaining-back-up-documents-roth-ira-conversion-and-also-medical-docs/01/3682941#M1361161 <P>&nbsp;</P> <H2>Period of limitations that apply to income tax returns</H2> <UL> <LI>Keep records for 3 years if situations (4), (5), and (6) below do not apply to you.</LI> <LI>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.</LI> <LI>Keep records for 7 years if you file a claim for a loss from worthless securities or bad debt deduction.</LI> <LI>Keep records for 6 years if you do not report income that you should report, and it is more than 25% of the gross income shown on your return.</LI> <LI>Keep records indefinitely if you do not file a return.</LI> <LI>Keep records indefinitely if you file a fraudulent return.</LI> <LI>Keep employment tax records for at least 4 years after the date that the tax becomes due or is paid, whichever is later.</LI> </UL> <P>If you have never claimed a medical deduction then you do not need to keep any medical records.</P> Sun, 11 May 2025 00:44:17 GMT https://ttlc.intuit.com/community/taxes/discussion/re-retaining-back-up-documents-roth-ira-conversion-and-also-medical-docs/01/3682941#M1361161 robtm 2025-05-11T00:44:17Z