selling rental home lived in 2 years
We purchased a home out of state in 2010 to move into later. It was a rental for 12 years (depreciated yearly) and we have now moved to AZ and live in it. If we live in it for 2 years is ALL of the appreciation (approx 350K) excluded under the 500k married filing jointly? There is about 60k of depreciation I understand is taxable and would go under income? Thx, Ann
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