Using money from the Old Property...

Can I pull the money that I invested in my Old Property out when I sell it?

No -- not without paying tax. You must reinvest all of the cash from the sale of your Old Property in order to avoid paying tax, even if some of that cash is money that you put in. Think of it like a hard-boiled egg: the money you put in is the yellow yoke, but to get to it you have to go through the white part, and the white part is all taxable.

--The Experts