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April 14, 2025
Question

Can I offset gains from sale of retirement assets whose proceeds were used towards purchase of a new home?

  • April 14, 2025
  • 1 reply
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    1 reply

    Employee
    April 14, 2025

    No.  If you sold assets and have a capital gain, that is taxed according to the rules that apply to capital gains.  It doesn't matter what you do with the money.