@terimac4 wrote:
Does this mean I should wait 2 years before selling?
Yes, if you want to take advantage of the home sale exclusion (up to $500,000).
@terimac4 wrote:
.......can I reinvest at this point into a more expensive home or are there still tax affects?
No. It does not matter whether or not you reinvest; that was the old rule which was replaced in 1997.
