Individual Record Retention

Individual Record Retention

Permanent

  • Stock/ mutual funds purchases (until sold)
  • House records: canceled checks for purchase, major improvements and maintenance (until sold)
  • Birth, marriage and death certificates
  • Medical records
  • Wills
  • Forms W-2 received Trust agreements
  • Detailed list of financial assets held
  • Alimony, custody or prenuptial papers
  • Military papers
  • Photos or videotape of valuables

6 Years

  • Tax return copies (after filing)
  • Casualty/theft loss documentation
  • Tax related canceled checks
  • Medical bills (after payment)
  • Forms 1099 received (after receipt)
  • Keogh statements/IRA records, deductible & nondeductible (after termination)
  • Loan records (after loan payoff)
  • Insurance policies (after expiration)
  • Major purchase canceled checks and receipts
  • Year-end brokerage statements (after securities deposit)
  • Stock/mutual funds purchases (after sale)
  • Certificate of deposit statements (after maturity)
  • Schedule K-l’s (after disposition)
  • House records: canceled checks for purchase, major improvements and maintenance (after sale)

1 Year

  • Canceled checks