| RECORD |
RETENTION PERIOD |
| Tax returns (uncomplicated) | 7 years |
| Tax returns (all others) | Permanent |
| W-2s | 7 years |
| 1099s | 7 years |
| Cancelled checks supporting tax deductions | 7 years |
| Charitable contribution documentation | 7 years |
| Credit card statements | 7 years |
| Receipts, diaries, logs pertaining to tax return | 7 years |
| Investment purchase and sales slips | Ownership period + 7 years
|
| Dividend reinvestment records | Ownership period + 7 years |
| Year-end brokerage statements | Ownership period + 7 years |
| Mutual fund annual statements | Ownership period + 7 years |
| Investment property purchase documents | Ownership period + 7 years |
| Home purchase documents | Ownership period + 7 years |
| Home improvement receipts and cancelled checks | Ownership period + 7 years |
| Home repair receipts and cancelled checks | Warranty period for item
|
| Retirement plan annual reports | Permanent |
| IRA annual reports | Permanent |
| IRA nondeductible contributions (Form 8606) | Permanent |
| Insurance policies | Life of policy + 3 years (Check with your agent. Liability for prior years can vary.) |
| Divorce documents | Permanent |
| Loans | Term of loan + 7 years |
| Estate planning documents | Permanent |
