Solved: Can you take capital gains from a second house and build another house on already owned property

Can you take capital gains from a second house and build another house on already owned property

I am selling a vacation home, can the capital gains from this sale of this home be used to build a house on another property that I already own to reduce the amount of capital gains I pay?

posted

No. It doesn't matter what you use the money for. The capital gain on a vacation-2nd home is subject to tax.

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No. It doesn't matter what you use the money for. The capital gain on a vacation-2nd home is subject to tax.

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Can you take capital gains from a second house and build another house on already owned property

Can you take capital gains from a second house and build another house on already owned property

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Can you take capital gains from a second house and build another house on already owned property

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