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crazynanna1
March 4, 2020
Question

Sold second home in another state

  • March 4, 2020
  • 1 reply
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Sold home in another state and purchased another home of greater value in same state

1 reply

JohnB5677
JohnB5677
March 5, 2020

The sale and purchase are considered two separate events.  The sale of a home, even a second home does not qualify for a 1035 exchange.  So, the only thing youi have to do this year is post the sale of the home.

 

You will post the sale of the home under:

  1. INCOME
  2. Scroll down to Less Common Income
  3. Select Sale of Home
  4. Continue through the questions.
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