@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!
