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Get your taxes done using TurboTax
See https://www.irs.gov/taxtopics/tc701
Since it appears as if you owned and used the home as your main home for the last two out five years leading up to the sale, you should qualify for the Section 121 exclusion (read the information at the link above) in its entirety.
However, there will likely be Section 1250 gain (depreciation recapture) for the depreciation deductions you took (or should have taken) during the time period that the property was used as a rental. TurboTax will make the appropriate calculations for you provided that you enter the property in the Rentals section of the program and indicate it was sold.
‎October 18, 2023
7:25 AM