do you get to claim capital gains paid on your taxes the following year? And what if you purchase another

Asked by kandi, Tunkhannock, PA Sat Apr 4, 2009

house (after you selll) that is higher in cost than you sold the first house for-you are not actually making a gain

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Jeff K, Home Buyer, Bristol, PA
Sun Apr 5, 2009
Kandi,

Asked and answered on your other thread. The second house you buy has NOTHING to do with the house you just sold for tax purposes. Each is a separate transaction with the same rules.
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