Deductions & credits

What do you mean by "the property?"    Are you asking about your own principal residence -- your home -- or some other kind of property?    If you are talking about your own home, then buying another home is irrelevant.  Please clarify what kind of property you sold.

**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.**