Bought a home in 1990 and it has been a rental property till May 2018 so it was 100% depreciated in the amount of 65k. Moved in right after in May 2018 as a primary residence then sold it last year in May with just 100k capital gain after all the sales expense + home improvement costs. I will report this home sale to pay the depreciation recapture tax but wondering can I be exempt from the 100k capital gain taxes since it has been my primary residence for more than 2 years and I haven't sold a home in 2 years?
Thank you!
