Ya I currently live in Pittsburgh and would be moving to Miami. So I would be eligible for the partial I think? I don’t under stand how much that would save me though
It means you are not going to pay much in taxes, if anything. Based on what you have said, you will have about $28,000 in capital gains ($155k - $127k).
Take the number of months you have lived in your home and divide by 24.
Then multiply by $250,000 if married, filing jointly. That is the amount you can EXCLUDE from paying taxes.
So, if you only lived in the house for 3 months, it would be (3/24 * $250k = $31,250.
Since $31,250 is MORE than $28,000, you will pay $0 in capital gains.
In other words, you will ONLY pay capital gains IF you lived in the house for LESS than 3 months, OR if you are filing taxes as 'single' (which requires more stpes to determine).