Hal_Al
Level 15

Deductions & credits

@GSL2457 I assume it was  also your home from 10/30/87 to 1/1/09.

The period from 1/1/09 to 11/24/14 was non qualified use.

You meet the 2 out of 5 year requirement, if sold before 12/31/20.

You lived in the home 292* months and had 71 months of non qualified use.  ~80% (292 / (292+71) of your gain is excludable, up to $500,000.  ~20% and depreciation recapture is taxable.

 

TurboTax handles this very smoothly.  Enter at Home sale, under Less Common Income.

 

*I'm not sure, but the vacant time prior to sale may also count as qualified use for purposes of the tax calculation (but not for the 2/5 rule)