Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Sep 28, 2022 11:00:56 AM

How long should I keep the tax return records?

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

 

 

0 2 265
2 Replies
Expert Alumni
Sep 28, 2022 11:18:11 AM

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? 

Level 15
Sep 28, 2022 11:19:10 AM

I have all my records from 1970.