According to the rules for the Taxpayer Relief Act of 1997, we meet all the guidelines to be exempt from federal tax. However, it's not clear to me if we're still liable for capital gains tax in Colorado.
The house did appreciate during this time.
The house was our primary residence since we put it on sale in Oct 2022.
We closed on the house in Feb 2023.
We are a married couple, filing jointly, that bought another primary residence in another state in Oct 2022.
