Homeowners: How Long Should You Keep Your Records?



When you buy real estate, whether it be your principal residence or an investment property, clearly you have to keep your records for at least four years from the date you sell that property. Profit and loss can only be determined once you sell your property, and in order to determine whether you have made any gain, you have to subtract the purchase price from the selling price.
http://dongockel.realtytimes.com/consumeradvice/homeownersadvice1/item/31854-20141204-homeowners-how-long-should-you-keep-your-records

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