Question

question 5 of 6
to file your taxes, you need to start by collecting all the necessary documents. which answer selection is the best describing what is needed?
select a response.
a record of your income and receipts for any deductions you want to claim
receipts of all purchases that you made in the past year
spreadsheets of all banking and investing accounts that you have
a record of stocks and bonds that you bought in the past year

Explanation:

When filing taxes, you need to report your income and have receipts for deductions (like business expenses, charitable donations) to support claims. Receipts of all purchases (too broad, not all purchases are deductible), spreadsheets of accounts (not the key docs for filing), and stock/bond records (only relevant for investment - related deductions/taxes, not the main overall tax - filing docs) don't cover the core requirements as comprehensively as income and deduction - related records.

Answer:

A. A record of your income and receipts for any deductions you want to claim