You seem to qualify for the full $500,000
Mostly likely, not. The sale will qualify for a $250,000 exclusion.
During the last year I moved in with my boyfriend (now husband).
If "BOTH" of you lived in the house as your primary residence for at least 730 days (2 years) of the last 1826 days (5 years) you owned it, then you would qualify for the $500K exclusion on the gain. However, it appears that only one of you has lived in the house as your primary residence for the full 730 days at this specific and explicit point in time. Therefore, the sale would qualify for a $250K exclusion. If on the closing date of the sale, both of you have lived in it as your primary residence for the requisite 730 days, then you'll get the full $500K exemption.
.will the Depreciation Recapture tax be based on the 15 years I've owned the condo or on the 1 year I rented it out?
The property is depreciated "ONLY" while it is classified as a rental and in service as such. So based on the information provided, you're only looking at one year of depreciation (give or take) to be recaptured and taxed. Recaptured depreciation is taxed anywhere from 0% to a maximum of 25%. It just depends on your AGI.
