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Level 2
June 4, 2019
Question

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

  • June 4, 2019
  • 1 reply
  • 17 views

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?

    1 reply

    IsabellaG
    Level 13
    June 4, 2019

    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. 

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