I bought a house a year and a half ago and may need to move because of my job. What do I need to know regarding taxes on the sale? If I put all the money from the sale of my house into a new house, will I be exempt from taxes?

snoozin:

You may not qualify for the full $250,00 exemption, but you should qualify for 75%, or $187,500. That should be enough to cover the profit on the sale of your house.

Get a competent tax pro to prepare your return if you sell the house.