When you buy or sell a house, one of the most important things you must do is hold on to your paperwork. There is one sheet that you'll need more than the rest, but all of it can come in handy. The HUD1 statement is one of the most important documents for your taxes. It sets the baseline for your tax liability and it documents exactly when you officially bought or officially sold the property. It shows how much you paid in fees across the board. If you can think of other documents that should be kept when buying or selling a house, put in the comments below...

http://www.WatchBobOnYouTube.com

0:00 Intro
0:15 What is the most important document when buying or selling a home
0:52 How can you show how long you owned the property
1:46 Document you need for your taxes when selling a house
2:11 Easy way to save yourself time when doing taxes after selling a house