@wrangler18 wrote:
After Oct 2021, each month of non-residency in the last 5 years will cost me 1/24 (4.167%) of capital gains exemption.
No (well, probably not). If you don't meet the 2/5 year rule, you don't get to exclude ANY of the gain. There is an exception if you moved out for qualifying reasons, but the general rule is that if you don't meet the 2 year rule, you pay tax on the full amount of the gain.
Your Passive Loss carryover will be deducted as "ordinary income (loss)", which means it deducts from your regular high-tax-bracket income.
