VictoriaD75
Expert Alumni

Investors & landlords

If you were not marketing the home as a rental or attempting to rent it out, it is no longer a rental property. If you lived in it for 2 of the past 5 years, you may be eligible for the exclusion on the sale of a personal residence. However, you will still need to pay capital gains tax on the depreciation recapture from the rental period. 

 

Selling a Home

 

If you did not live in it for 2 of the last 5 years, it is considered an investment property related to the rental, even if it was not occupied for the last 18 months. It still was not your principal residence. 

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