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Reply to "We sold a house in 2006. Is there any reason why we should still keep all the paperwork?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]IMO yes, keep them to establish your basis (cost) as you roll over from one house to another in case you ever need it. Maybe not likely that you'll end up with such a large gain that it may be taxable but I keep at least the HUD-1 (settlement statement) for every sale of property I've owned. Do you have the cancelled Note/ Mortgage?[/quote] This has not been the case for nearly 20 years.[/quote] Gee, then the ones I got back must be fraudulent, eh? I have 2 sets of them, amigo.[/quote]
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