Question

If I sell my primary and get hit by capital gains, but used all proceeds to buy a new primary residence, can the capital gains be removed from taxable income?

The capital gains on my primary residence sale was due to renting it for a few years. Before and after renting it was my primary residence.

No.

If you are not eligible for the capital gain exclusion for your primary residence, then you have to pay capital gain taxes.

You cannot be exempted from these taxes even if you use the proceeds to buy a new primary residence.

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