Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
charliehardin38
New Member

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

House was closed in February 2019.
1 Reply
DoninGA
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.

Dynamic AdsDynamic Ads
Privacy Settings
v