qbteachmt
Level 15

@mgs5141 

"and wants to use the capital gain for his new home at a later year."

That provision for personal residences changed in the late 1990s. Now they would see if they are eligible for the exclusion (section 121).

Help article:

https://accountants.intuit.com/support/en-us/help-article/form-8949/reporting-sale-home-individual-r...

 

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