How long should I keep my tax returns, records and paperwork?

Although there is no set answer for how long you should keep your tax returns or corresponding paperwork, we recommend that you keep your tax return paperwork and the underlying documents for a minimum of seven years.  If you purchased real estate or other items with a basis, such as stocks and bonds, it is advisable to keep your tax records for a much longer period of time, typically seven years after the sale of the asset.

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