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I sold my second home for a profit and purchased another second home. Do I have to pay capital gains on the first home?

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I sold my second home for a profit and purchased another second home. Do I have to pay capital gains on the first home?

Yes, you do. There is no tax connection between selling one home and buying another. There has not been since 1997.

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I sold my second home for a profit and purchased another second home. Do I have to pay capital gains on the first home?

Yes, you do. There is no tax connection between selling one home and buying another. There has not been since 1997.

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