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Level 2
posted Jun 4, 2019 1:50:53 PM

Can I transfer my capital gains from a rental property sale to a rental property purchase 3 months prior?

In 2018 I bought a rental property condo cash, 3 months later (still in 2018) I sold a different condo.  Should I be able to transfer my capital gains from this sale to the purchase I made prior?

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1 Replies
Expert Alumni
Jun 4, 2019 1:50:54 PM

No, that's not how like-kind exchanges work. Please see theIRS Publication 544  under Like-Kind Exchanges, starting on page 11, for the rules.