You are single and purchased and lived in your current home for 8 years. Now, you have received an excellent promotion at work. But, you will have to sell your home and move to another community. If you sell your current home for more than you paid for it 8 years ago, the capital gains on the home sold will: O be taxable at the appropriate short-term capital gains rate. O not be taxable because this is a job-related move. be taxable at a rate of 25%. O be taxable as ordinary income. be taxable except for the exclusion of the first $250,000 of the gain