Participation Payment Breakdowns Retention

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Question:

For in the state of Minnesota, how long do I need to keep participation payment breakdowns, if I have to at all?

Answer:

Record retention is a state by state issue and unfortunately we can't keep up with them all. So we will refer you first to the BOL State forums where you might be able to get assistance from peers, next to a state association and finally, in the case of a legal dispute or inquiry as to how the payments were divided, what is your time of exposure? That is how long t hang on to them.