[Roosterrusek]

I've never sold a house, so how does it work? I know it is a tax on what you make etc...but isn't there some provision that you don't have to pay it if you are selling and buy another in a year?

Or can you keep like 20% and the other 80% goes to the purchase of a new house?

Basically going to be selling my house here in Atlanta to move to Jacksonville Fl.