Somewhat correct. But if you use my guidance above and report the sale in the SCH E section of the program, you'll be asked if it includes the sale of your main home to which you will answer yes. Followup screens will have questions/selections to confirm you qualify for the full or (in your case) the partial exclusion. It also takes care of all the depreciation recapture and other stuff for you in the background. Saves you time having to do all the math manually yourself.
Regardless of where you report the sale, it all ends up in the same place on the SCH D and the 4797. So that's why I recommend the SCH E route. Much less chance of user error that way.
