Question about Capital gains

[George Tiglianidis]

Hey BP family.

I’ve been living in current residence in Ma for the past 5 years. I recently made a an offer (a low ball offer that will be my first live in flip) and it got accepted.

My current residence is expected to make $100k after broker commission once it’s sold.

I’ve heard conflicting reports. Some say:

“Yes I’ll have to pay capital gains”, and you guessed it, others said “No you’ve been living there for the past 2 years so you’re all set.”

So can someone help me with my questions?

Thanks!