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If the profit is upwards of $250,000/$500,000, or if perhaps you don't qualify for the full gain exclusion, you're going to desire those records for another three years after that return is filed. Most homeowners probably won't face that issue from the 1997 tax law, but of course, it's better staying safe than sorry.
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Real Estate Agencies are moving within the "mega-brokerage" mentality which signifies that many Agents today have never met their Broker. If an agent hasn't got their Broker's cell phone number, discover who they will call if they run into questions.
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