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Good morning!

I have a somewhat fundamental but important question... I am wondering what papers and records that I have to keep and for how long a period of time should I keep them?
I am a student, live in an apartment, don't have an interest-making checking account. I do have a money market account, and so I have submitted a 1040A instead of the EZ because of dividend income. HOwever, do I need to keep checking statements, cancelled checks,money market statements, pay stubs from the university? I do not itemize my deductions at this point.
If I DO need to keep all this stuff, how long do I keep it before I can get rid of some of it? (Part curiousity and part running-out-of-space.)

Thank you for your help!!
--labmouse =)
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