Are you subject to Capital Gains if you dont own the home???

Are you subject to Capital Gains if you buy an option on the home then sell the with out actually taking ownership???

Thanks REI people…

Yes.

If you hold the option for one year or less before selling the option, the sale profit is a short term capital gain.

If you hold the option longer than one year before selling the option, the sale profit is a long term capital gain.