There could be tax ramifications depending on several factors if you sell your home in less than 2 years if you make a profit. That is a good question for you tax professional. Another resource might be a title company representative. Call Beau LaPoint at Chicago Title Cherry Creek - 303-388-5758. Depending on your circumstances, the tax implications could be minimal. All the best.
Robert McGuire ASR
Your Castle Real Estate
Direct - 303-669-1246
Prudential Real Estate of the Rockies
All my best,