If you sell before this 24-month mark, your profit is generally taxed as capital gains.
You may qualify for a partial exclusion if the move is forced by "unforeseen circumstances," such as a job change (requiring a commute of 50+ miles more), health issues, divorce, or multiple births. Topic no. 701, Sale of your home | Internal Revenue Service buying and selling a house within 2 years
The primary financial risk of selling within two years is missing the . If you sell before this 24-month mark, your
Taxed as short-term capital gains at your ordinary income tax rate (up to 37%). or multiple births. Topic no. 701