If this is your personal home that you own and live in, and you have to sell it after less than two years, you may qualify for a partial capital gains exclusion if you are selling the home due to a job change, for medical reasons, or for certain other unforeseen circumstances as described in IRS publication 523. If you don’t qualify for a partial exclusion, then you would owe regular income tax on your gain if you owned the home less than a year, and the long-term capital gains rate if you owned your home more than a year but less than two years.
