My internet research tells me to shred monthly and quarterly statements after I've reconciled them with my year-end statement but my financial institution doesn't send year-end statements. Should I keep the quarterlies? If so, for how many years back?
How long should I keep quarterly investment account statements if I don't receive an annual statement?
Keep the statements where you purchased stock until 7 years after you file your taxes for the year that you finally sell it. You will need to know how much you paid for the stock for your tax return for the year you sell it, and then keep it for 7 years after that.
Reply:no over 12 months!!!
Reply:You should keep the quarterly statements as long as you would keep the annual statements.
Reply:The rule of thumb is to keep all important documents for 5 years. If you have a scanner, scan the documents into your computer and save them forever.
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