Can you avoid capital gains taxes from the sale of a second home you did not live in and used the proceeds to buy a new primary residence?

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1103084

2026-03-12 18:45

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I can't think of any. Understanding that it is the sale of a primary residence that gets a tax break...not the making of income to purchase one. Except for the special conditions under Sect 1031, what one does with the money after a recognition event normally can't effect the taxability of the event preceding it.

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