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Deductions & credits
You actually have a choice.
You can treat this as a home exclusion (as described by Julie) or as a section 1033 exchange. See <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4410097-where-can-i-find-form-1033-a-form-to-defer-capital-gains-t...>
The home sale is probably the best way, unless you intend to keep you new home less than 2 years
You can treat this as a home exclusion (as described by Julie) or as a section 1033 exchange. See <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4410097-where-can-i-find-form-1033-a-form-to-defer-capital-gains-t...>
The home sale is probably the best way, unless you intend to keep you new home less than 2 years
‎June 1, 2019
2:42 PM