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Level 1
March 5, 2023

Can a purchase of new home in 2022 offset capital gains tax paid in 2021?

  • March 5, 2023
  • 4 replies
  • 18 views
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4 replies

IRonMaN
Level 15
March 5, 2023

I’ll vote no on that even though it looks like you are going to vote maybe 

Slava Ukraini!
itonewbie
Level 15
March 6, 2023

What a brilliant tax planning idea!

But I'll vote no still.

---------------------------------------------------------------------------------Still an AllStar
BobKamman
Level 15
March 6, 2023


You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.


abctax55
Level 15
March 6, 2023

Another need for the DeLorean and flux capacitor.... back to 1986, right?

HumanKind... Be Both
qbteachmt
Level 15
March 7, 2023

Wrong tax year.

Wrong types of assets.

Wrong reference to tax regulations.

What is it they state on Reddit? "Tell me you're old without telling me you're old."

Ah, the good old days, where you kept escalating your investment in your primary residence.

Don't yell at us; we're volunteers
Level 5
March 8, 2023

Is this a trick question??? I was searching for something else and came across this question and was a bit surprised by it from a tax professional. Am I missing something here?? 

I vote absolutely NOT.