turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
IsabellaG
Expert Alumni

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

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. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies