I need to understand capitol gains liability for sale of a house owned less than 2 years. We purchased a house for primary residence, we've put $100k into repairs/improvements and now 18 months later we've an offer that brings approximately $200k gain after deducting the $100k improvements we've made. The house is in Oregon so will have Fed and state taxe implications. Do we face a significant tax liability if we sell at 18 months ownership and what what is that liability? Is that liability reduced if we hold the sale until after our 2 year ownership date?
