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...24 months? In Oklahoma? I need to know how much i am going to get dinged on taxes if i sell my home. I understand the 2 out of 5 years thing, but i have owned/occupied for only 18 months out of 24. I cant seem to get a clear answer out of anyone, and all I have heard is that the tax will be pro-rated. We anticipate a $50k profit, and we live in Oklahoma. Going to sell by owner and would like to put it up for sale this week. I have also read about "circumstances" that can change the amount of tax you owe if you sell early, such as health, job relocation, etc....well we just want to sell to scale down because of another child on the way. I wonder if that would count as a "life changing circumstance". Any help on this matter is appreciated.