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otlynn63
New Member

I paid 18,000 down from the profits of my sold home for the new one I bought. Do I need to record that somewhere

Sold home in May and bought new one in Oct.
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Ashby
New Member

I paid 18,000 down from the profits of my sold home for the new one I bought. Do I need to record that somewhere

No, this just goes towards your purchase price and basis in your new home. There is no need to input this on your return.

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1 Reply
Ashby
New Member

I paid 18,000 down from the profits of my sold home for the new one I bought. Do I need to record that somewhere

No, this just goes towards your purchase price and basis in your new home. There is no need to input this on your return.

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