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  • Re: Can a capital gain from investment property sale be used on my primary home mortgage to avoid the capital gains tax from sale and how would that be reported in turbo tax?
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Deductions & credits

No. 

 

However, you may be able to do a 1031 exchange if you replaced your investment real estate with other investment real estate.

 

See https://turbotax.intuit.com/tax-tips/investments-and-taxes/1031-exchange-how-it-works/c998pvsTp

‎May 27, 2024 6:20 AM
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