There likely would be a difference. For your rental, there should have been a depreciation expense each year and upon selling the rental property, you would have to account for that prior depreciation in the form of depreciation recapture. You are correct in that the sale of the rental property is the sale of a capital asset and therefore is subject to the capital gain/loss rules.
In contrast, and as mentioned in the prior posts, the sale of your home may qualify for some capital gain exclusion. There is no such capital gain exclusion for a rental property. Additionally, if there is a loss on the sale of your home, there would be no deduction for that loss because it is considered a personal loss. A loss on the sale of your rental, as mentioned above, would be deductible.
@Tax2019Pay
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