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.
Keep for seven years If you fail to report more than 25 percent of your gross income on your tax returns, the government has six years to collect the tax or start legal proceedings. So when it comes to determining how long to keep tax recordsâelectronic and paperâ we recommend seven years, just in case. Keep forever Essential records such as birth and death certificates, marriage licenses, divorce decrees, Social Security cards, and military discharge papers