Reply To: Moving in with Mom
Having just sold my first home recently, since I lived there for more than two years I was not taxed on the money I made from selling. The key is that you need to have lived there for at least 2 years. Hopefully this will be the same for you.
If you’d like to consider it a consequence you’ll know longer be able to write off your mortgage interest when doing your taxes. Otherwise, I don’t necessarily see any consequences unless not having the write offs will push you into a higher tax bracket.