I sold a house in Feb of 2016 and a condo in June of 2016.

I meet the 2/5 rule for both of them. I have lived in both for 2 out of the last 5 years.

Lived in House from July 2009 to May 2014 (I bought in 2009)
Lived in Condo from June 2014 to June 2016 (I bought in 2012)

Neither was a rental property. I just bought the condo when it was offered too me by a family friend....it stayed vacant for a couple years.

Bought the house for $228K, sold for $280K
Bought the condo for $25K, sold for $70K

So combined I didn't come close to making $250K in profit.

The house was bought via a traditional mortgage and the condo I originally bought with cash (no mortgage).

My question is, do I need to pay taxes on either property since I sold 2 within the same year? Do I pick which one to pay taxes on?

Let me know if any additional information is needed. I really appreciate any help you can provide. Oh, and I live in Georgia (if that makes a difference).