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June 6, 2019
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We sold our home in November of 2016 and bought another in January of 2017. Do I still need to account for capital gains?

  • June 6, 2019
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Best answer by Celery63
Yes, you do. There is no tax connection between selling one house and buying another. That connection was removed from the tax code in 1997.

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Celery63Answer
June 6, 2019
Yes, you do. There is no tax connection between selling one house and buying another. That connection was removed from the tax code in 1997.