Adjusted Income when selling a property
Is it possible to balance out Adjusted Income levels when selling and purchasing a property. I want to sell a property but when I do that my Adjusted income level will go up because of net proceeds. Its an investment property not a personal residence. I need my adjusted income to be below a certain amount for other financial reasons. If I purchase another property within the same tax year will potentially balance out based on the purchase price? Or how much I put down as downpayment?