I am getting conflicting information. We had a home that we lived in from 2004 to 2010. Due to a PCS, we rented if from 2010 to 2015. We would qualifty for the capital gains exclusion for home sales.
HOWEVER, I have been told that we have to pay capital gains on the % of time that we had it as a rental. During that time I took depreciation on the property. Has anyone sold a home that they once lived in and then rented? How did you handle the depreciation and capital gains?
Thanks!
