Capital gains, selling 2 months before 2 years.

[Wade Stahle]

Hi BP,

I am planning on selling my house before the 2 year mark. However, I am at about 22 months of ownership. Will I owe capital gains taxes? If so how much and how did you calculate this? Purchase price was $187,000 and I can sell for about $230,000. 

P.s. I know about the 1031 exchange but id rather not go through the stress of FSBO and trying to buy a house in a shirt period of time.