Publication 530 - Tax Information For Homeowners - 2008 Page 11

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until the period of limitations for the return runs
or 2 years from the date you paid the tax, which-
as long as they are important in figuring the
out. (A period of limitations is the period of time
ever is later. Returns filed before the due date
basis of the original or replacement property.
after which no legal action can be brought.) For
are treated as filed on the due date.
Generally, this means for as long as you own the
assessment of tax you owe, this is generally 3
You may need to keep records relating to the
property and, after you dispose of it, for the
years from the date you filed the return. For filing
basis of property (discussed earlier) longer than
period of limitations that applies to you.
a claim for credit or refund, this is generally 3
for the period of limitations. Keep those records
years from the date you filed the original return,
Publication 530 (2008)
Page 11

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