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October 11, 2022
Question

Sale of rental property.

  • October 11, 2022
  • 1 reply
  • 0 views

Can I use proceeds from sale of rental home to pay off mortgage of another rental home to decrease capital gain?

1 reply

Critter-3
October 11, 2022

Nope.  What you do with the profits will not dimish the taxes owed on the sale.