Prior to 2018, the depreciation period for foreign properties was 40 years. This changed to 30 years in 2018.
I am sorry, you can claim a partial exclusion according to IRS publication 523. Look under the section Does Your Home Qualify for a Partial Exclusion of Gain? Because of your work related move, you should qualify for this exclusion. I apologize for my earlier advice. Here is the work related move requirement.
Work-Related Move
- You meet the requirements for a partial exclusion if any of the following events occurred during your time of ownership and residence in the home.
- You took or were transferred to a new job in a work location at least 50 miles farther from the home than your old work location. For example, your old work location was 15 miles from the home and your new work location is 65 miles from the home.
- You had no previous work location and you began a new job at least 50 miles from the home.
Either of the above is true of your spouse, a co-owner of the home, or anyone else for whom the home was his or her residence.
@matun
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