Additional Question on this
We moved to the US in 2018 and sold our UK home in 2019.
I understand that we do not pay US tax on the proceeds of the sale as:
principal residence exclusion if owned and occupied the house for at least 2 out of 5 years from the date of sale. and if the proceeds of the sale are less than $500K, (which they are)
However how do we report this and the potential exchange gain during the period of ownership
