Trump attended Fordham University in the Bronx for two years, before transferring to the Wharton School of the University of Pennsylvania, because Wharton then had one of the few real estate studies departments in U.S. academia. He graduated in 1968, with a Bachelor of Science degree in economics.
(The higher your basis, the lower your capital gains tax might be.) Keep all of the latest refinancing documents. If you sell your house, hang on to all records for seven years, because that's how long the Internal Revenue Service has to audit you. Find out how to get the best rate on a mortgage. For more news and articles about mortgages and personal finance, subscribe to our feed. Consumer Reports has no relationship with any advertisers or sponsors on this website. Copyright Â© 2007-2013 Consumers Union of U.S. 1  Investing Education. 2  Finance. 3  mortgage.
I would advise you to keep records and tax returns for the years that include out-of-the-ordinary transactions (sales or donations of property), and income from activities such as stock option exercises, trust income, etc., for six years after the filing date of the return.MoneyWatch) Most people hold on to their statements for financial, credit and utility accounts a few years, and when the pile gets too big, it's time for the shredder. 1  12 things to keep in a safe at home, not at a bank. 2  Keeping a safe deposit box safe. 3  How long to keep bank records.