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Good morning. Unfortunately, the reinvestment of the money is no longer relevant with regard to the taxation of gains. You can reduce the gain by all the closing costs, including govt. fee and commissions. Plus, of course, the gain is based not only on the sale price (reduced by those costs), but also reduced by your basis in the property (i.e., your purchase property plus any improvements).
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Thanks for allowing me to be of service to you. Please beaware that the information provided here is not legal advice. Rather it issimply general information. All states have intricacies in their laws and anyinformation given is simply information only and specifically is notintended to be, nor does it constitute, legaladvice. This communication does not establish an attorney-client relationshipwith you. I hope this answer has been helpful to you.