Get your taxes done using TurboTax

You meet the 2 year/5 year rule as long as you closed on the sale before August April 2025 (3 years after moving out).

 

You can exclude up to $250,000 of gain if single or HOH, and up to $500,000 if married filing jointly, as long as you (and your spouse) have not used your exclusion on a different home in the 2 years prior to the sale.

 

However, the part of your gain that is due to deprecation that you claimed or could have claimed while the home was a rental, is subject to tax (recapture) before you apply the exclusion to the rest of the gain.