How long should you keep old tax records? Some CPAs suggest you keep tax returns forever, but you should keep the backup records until seven years after you have disposed of an asset. For example, you may buy real estate. You should keep your records until sevel years after you sell it.
This information is provided as a public service. It should not be relied upon without first consulting with your tax professional or your attorney. No attorney-client relationship is created by the furnishing of this information.
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