<prompt> Human: My family has our house under agreement to be sold. Weve been in the house for about 3.5 years and the sale wont be final until January. Were going to end up making about 125k profit on this and Im concerned about what taxes were going to have to pay if this new tax bill passes. Any help understanding this would be greatly appreciated!For additional info, my wife and I have a combined income of about 75k and we live in MA.  <response>: Nobody can really answer this question until any bill is signed into law...but we may have a much better idea later today when the details of the reconciled bill are released. 