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

Level 1
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6 Comments 6
Level 15

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

Slava Ukraini!
Level 15

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Level 15

What a brilliant tax planning idea!

But I'll vote no still.

Still an AllStar
Level 15

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

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
Level 15

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.

"Level Up" is a gaming function, not a real life function.
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Level 4

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. 

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