topic House is under contract for sale. Already purchased another. Plan to use money from this sale to paydown mortgage on new one. If I reimburse my savings do I incur tax? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/house-is-under-contract-for-sale-already-purchased-another-plan-to-use-money-from-this-sale-to/01/383666#M48226 I used money from my savings to pay downpayment on new house and would like to bring savings back to pre-buy level using money from sale of current home.<BR />Wondering if this will incur tax..... Tue, 04 Jun 2019 18:36:47 GMT pegericelw 2019-06-04T18:36:47Z House is under contract for sale. Already purchased another. Plan to use money from this sale to paydown mortgage on new one. If I reimburse my savings do I incur tax? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/house-is-under-contract-for-sale-already-purchased-another-plan-to-use-money-from-this-sale-to/01/383666#M48226 I used money from my savings to pay downpayment on new house and would like to bring savings back to pre-buy level using money from sale of current home.<BR />Wondering if this will incur tax..... Tue, 04 Jun 2019 18:36:47 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/house-is-under-contract-for-sale-already-purchased-another-plan-to-use-money-from-this-sale-to/01/383666#M48226 pegericelw 2019-06-04T18:36:47Z If this is just a regular savings account then nothing yo... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-this-is-just-a-regular-savings-account-then-nothing-yo/01/383668#M48228 <P>If this is just a regular savings account then nothing you will do needs reporting.&nbsp; If this is from a retirement plan of some kind then post back.&nbsp;</P> Tue, 04 Jun 2019 18:36:48 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-this-is-just-a-regular-savings-account-then-nothing-yo/01/383668#M48228 Critter 2019-06-04T18:36:48Z