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Deductions & credits
Buying another property would be irrelevant. Before 1997 people could avoid capital gains if they purchased another house of equal or higher value with the gain from the sale of their home. That law changed many years ago. Buy another property if you want to, but do not expect to avoid tax by doing so.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎June 27, 2024
12:39 PM