Can I deduct capital gain money used for down payment on a new home?
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Can I deduct capital gain money used for down payment on a new home?

House was closed in February 2019.
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Level 15

Can I deduct capital gain money used for down payment on a new home?

A down payment to purchase a personal residence is not reported on nor deductible on a tax return.  So funds used from an investment sale would not be relevant on a tax return for a home purchase.

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