Sale of primary home

[Debicanshop]

What is our tax liability % for the sale of our primary home in Texas where we have lived for 1 year?

[OpeA1]

Hello Debicanshop!

We need more information to answer your question. However, here are general rules concerning sale of your home. 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/homeowner-tax-credits-deductions/buying-... 

You will pay capital gain taxes on your home, if lived in less than 2 of the 5 years from the date of sale. This means you will not get the capital gain exclusion.

Hope this helps!

OpeA1