https://ttlc.intuit.com/community/tax-credits-deductions/discussion/will-i-have-to-pay-taxes-in-2018-on-the-profits-from-the-sale-of-my-primary-residence-in-2017/01/700032#M92328 I own only 1 home.<BR />I will not use 100% of the profits as a down payment on the next home purchase. Thu, 06 Jun 2019 13:14:47 GMT kwilkin9 2019-06-06T13:14:47Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/will-i-have-to-pay-taxes-in-2018-on-the-profits-from-the-sale-of-my-primary-residence-in-2017/01/700032#M92328 I own only 1 home.<BR />I will not use 100% of the profits as a down payment on the next home purchase. Thu, 06 Jun 2019 13:14:47 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/will-i-have-to-pay-taxes-in-2018-on-the-profits-from-the-sale-of-my-primary-residence-in-2017/01/700032#M92328 kwilkin9 2019-06-06T13:14:47Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-old-rule-about-reinvesting-the-profit-from-the-sale-o/01/700038#M92329 <P>The old rule about reinvesting the profit from the sale of your primary home, into a new home, &nbsp;expired about 20 years ago.</P><P>The current rule is that you may exclude the capital gain on the sale of your home, up to $250,000 ($500,000 married), regardless of how you use the money. To qualify you must of owned and lived in your home for at least two of the five years prior to the sale.&nbsp;</P> Thu, 06 Jun 2019 13:14:49 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-old-rule-about-reinvesting-the-profit-from-the-sale-o/01/700038#M92329 Hal_Al 2019-06-06T13:14:49Z