Investors & landlords

@IsabellaG 

I believe I qualify for exclusion under the 10 year suspension of the 5 year lookback.  Looking for confirmation:

Home purchased May 2006.  We lived there until April 27, 2013.

Military moved us out of state and home became a rental on 1 May 2013.  

We did not return to the state where this house is located until I retired effective 1 July 2023.

I plan to sell this house in October of 2025.

 

I'm calculating that we can exempt our capital gains.  I do understand the recapture for depreciation, so only looking at capital gains exemption.  Do you agree we can exempt?

 

Thank you!