I bought a condo in 2005 and rented it until 2016, when it became my primary residence until 2020, when I moved to a new primary residence and put the condo back out for rental. Now selling the condo. Is there a way to exclude the gain in value during the period it was primary residence? Also, many improvements made during period of residency, that contribute to a higher selling price today, but these have never been deducted as expenses against rental income, or depreciated. Can those be added to basis?
Appreciate any inputs, and where to record them on TT.
