Selling a personal home before 2 years

[Alex Corral]

Hey guys, I am thinking of selling my home. It's a particular situation. I have lived in the home for 12 years since it's my moms. Last year, I refinanced and took the house over. Only been on title technically 1 year. The market is crazy in Denver now. If I sell it, I'm assuming I have to pay capital gains tax, correct? Can I 1031 the money into something else out of state? Or will that not work since it's personal to investment?