Does the time I lived in a rental property as a primary residence reduce the overall gain in a sale? (It was not 2 of the last 5 years)
I purchased a home in 2004 for $180,000 and lived in it as my primary residence until 2008, when it was converted into a rental. I plan on selling it in 2017 for $300,000. I understand I will have to pay depreciation recapture, but does the time I lived in the house as a primary residence count against the gain at all?