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Can I defer a capital gain when I have sold and purchased a vacation home?
I purchased a vacation home on 3/2017 for $147K and sold a previously owned vacation home on 7/2017 for $139K. The second home was owned for > 5 yrs and was used for personal usage only. The capital gain on the sale was $7K. How do I record the 2 transactions?
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‎June 3, 2019
10:19 AM