report the sale as a sale of rental property assuming it was still a rental in the year you're filing. This should result in the proper reporting including any depreciation recapture. If you failed s to take depreciation consult a tax pro. Note the requirement to report in US $
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if it was no longer a rental in the year your filing, you can use the home sale worksheet, don't forget to report the depreciation.
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you are not entitled to any home sale exclusion because it was not your primary residence in the any of the 2 years in the 5 year period before the sale.
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if you paid taxes to Australia on the gain, you would be entitled to the foreign tax credit
