Since you have not lived in the home for a minimum of two years in the five year period before the sale, the home is not your primary residence and you cannot exclude any gains from the sale on your tax return.
If you have a gain on the sale, what you do with the proceeds is not relevant.
The requirement to purchase another home after the sale of your primary home for the same or greater price than the prior home sale to defer any capital gains was removed from the tax code in 1997.
Your sale of the home will be as a second home and any gains will be taxed as a long term capital gain.
