Hi,
I had a home in Germany that I just sold in July 2022 that I started renting out in Jan 2018 until June 2022. During this time from 2018 to 2022, I did report the rental income on my annual tax returns. I did live in the home myself from October 2003 until January 2018 when I started renting it out. I'm filing my taxes right now to report the capital gains and I do not qualify for any of the exclusions (i.e., living in the home 2 years of the 5 prior to selling, etc.,). Is there any way I can avoid being taxed on the entire capital gain plus depreciation (Paid $327,123 for the home in 2003 and sold it for $598,382)? I've been using TurobTax (Rental Properties and Royalties) in the past years. I would appreciate any guidance you can provide. Thank you.
