<prompt> Human: So Im looking to put down 20 on a house so as to get a better fixed rate and avoid a PMI. Id like to do so buy selling stocks which I have owned for less than 366 days. Doing so would result in a higher capital gains tax than if I had held the stocks for 1 year and a day. When I do my taxes, I see theres a first time home buyer rebate. Can anyone tell me about what kind of rebate you actually get? I would like to be able to put my capital gains towards buying a house and have the first home buyer purchase cancel out the taxes I owe.Looking to buy a home between 250k - 350kWould put down 50k - 70k 20Making 120k with a tax rate of about 35 not sure if thats relevantAny and all ideas, suggestions and advice are appreciate.Thank you  <response>: Shorting stocks is when you sell stocks you dont ownessentially, not when you sell them after a short period of time.The first time home buyer rebate ended in 2009 federal, not sure if youre talking about something state or local?You do get to write off some closing costs and taxes you pay when buying a house, but if your investment gains are significant enough that youre worried about it, it probably wont be enough to offset those gains. 