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Get your taxes done using TurboTax
@TiffanyRM wrote:
Any exceptions to the capital gains tax for my situation?
Not really. The partial exclusion exceptions are set forth in Publication 523 (link below) and none appear to apply to your situation with respect to the two-year ownership requirement.
https://www.irs.gov/publications/p523#en_US_2018_publink100073096
However, your actual gain upon selling, absent unusual circumstances, should not be that extreme if you only purchased the house a few months ago and paid fair market value.
‎September 4, 2019
7:34 PM