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Updated about 5 years ago on .
Primary Home Exceptions...
I am selling an investment property that I purchased as my primary home and lived in for 1 year, but had to move for a job related reason.
I purchased it in August 2016. Lived in it from August 2016 to around August 2017 and it has been an investment property since then. It will be sold in April 2020.
It is my understanding that I may be able to save on capital gains due to the reason of the move, but would still have to pay back depreciation recapture.
Can anyone confirm success with this strategy for a similar situation?