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How Long Should You Keep Financial Documents

Family Balance Sheet

AUGUST 17, 2011

Our personal bank has statements online all the way back to 2006. However, you should print any canceled checks or year-end statements that you would need for tax purposes, ie - charitable contributions, home improvements, business expenses, mortgage payments, etc. This final number will help to lower your capital gains tax.

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Home Improvement Taxes Credit Cards Bills 153
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11 Things I learned After Owning a Vacation Property

Prairie Eco-Thrifter

AUGUST 11, 2015

We purchased a vacation condo in a local resort area in 2006 (yep, right before the crash). I also wanted a bit more diversification in our portfolio and figured an additional piece of real estate could help that. The tax code for second homes used as rental properties is incredibly complex here in the US. Guess what?

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Vacation Rent Taxes Grandchildren 100
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