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Level 2
posted Apr 13, 2025 5:39:32 PM

Can I offset gains from sale of retirement assets whose proceeds were used towards purchase of a new home?

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1 Replies
Level 15
Apr 14, 2025 2:07:02 PM

No.  If you sold assets and have a capital gain, that is taxed according to the rules that apply to capital gains.  It doesn't matter what you do with the money.