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If a client sells a primary home and has capital gains of 1 million, and buys a home for 1.2 million how can I report the purchase to offset the sale?

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Level 15

Are you asking about this:

"The only way you can shelter these funds is if you roll over the profit by buying a new house within two years from the day you sell your property. To completely shelter your profit, the new house must be equal to or greater than the value of your current residence."

Because that regulation went bye-bye in 1986.

"Level Up" is a gaming function, not a real life function.
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