Sold main home on 1/2/2022 after moving into it on 1/1/2020.
Prior to that it was consecutively rented for 13 years.
I understand I have to have depreciation recaptured for every day (after 2008) that it was a rental.
My question is this:
I lived in home for (1 day more) than 2 years out of the last five years.
If my total Gain is $200,000 shouldn't the taxable portion be 60%, or $120k ie the 3 years of last 5 it was a rental.
After running TT it's calculating the taxable gain portion at 67%, obviously requiring me to pay more tax than I had been anticipating.
