Is the gain from the sale of second home rolled into a new more expensive second home taxable?

[azhome2013]

Sold vacation home.  Rolled all of the gain into a new vacation home.  Is the gain from the sale taxable?

[Bsch4477]

They are separate transactions so no, you can’t avoid the gain by buying another property unless you are dealing with rental property and a 1031 exchange. 

[VolvoGirl]

Rolling it over to another house went out in May 1997.  And it was only for your primary house.  So unless you did a 1031 exchange the gain is taxable now.