briggsj8
New Member

Sold home because of Job Relocation, but didn't own for more than 2 years. What taxes should I prepare to pay due to this event?

We recently had to move due to a job relocation from MN to OH.  We only occupied the house for about a year and half.  We purchased the home in MN for $228,000 and sold it for $270,000.

What taxes should I be prepared to pay because we weren't owners for more than 2 years?

Thank you!