<prompt> Human: Bought a home for 400. I will be making roughly 50k in profit after the first year in a half, selling at 475. There is no mortgage. What can I expect to pay in capital gains taxes since we havent owned the home for the 2 year mark. We are moving and I was looking to buy a much cheaper home and invest the profits from the original into long term stocksbonds.Thanks  <response>: You probably dont qualify for the exclusion because you havent owned it for 2 years. Read the IRS Pub 523.There are some exceptions allowing you to prorate the amount of cap gain excludible, but they depend on the reason you are moving: work related, health related, or unforeseen circumstances---Cap gains tax on 50K profit is 15 if you are in 25-35 bracket, so 7500. 