Quote:
Originally posted by Rodney
I know that five years is more or less the limit on income-tax related stuff, so my accountant informs me. If they haven't gotten to you by then, it's too late. So I consider five years to be the limit.
I make an exception for investments. If you buy securities, for example, you need to be able to prove what price you bought them at, to figure out what the eventual profit or loss is when you sell it, for tax purposes. So I would hang onto such stuff for as long as you hold the stock (and, I suppose, for five years after you declare the profit or loss.)
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Seven years is what most people keep for income taxes.