Selling First 3 Unit FHA after 2 years. Taxes?

[Kevin Mejia]

I was 19 when I joined bigger pockets and gained so much knowledge. To keep it short. I worked etc. (W2 job) eventually found a good deal. I bought it for 220k. It can sell now for about 400k. I lived in one the units for 2 years and rented out the others. My understanding was the gain was tax free if I lived in the house for 2 years out of the 5 for FHA. Now I have been told only 1/3 of it would be tax free. The rest of the gain would be taxed. So confused help. BTW I do not mind paying the taxes but it is a BIG CHUNK! Thanks BIGGER POCKETS !

[Wayne Brooks]

@Kevin Mejia You get the 121 exclusion on 1/3 (assuming all units are the same) and regular cap gains/depreciation on the other 2. 
You take take the exemption on 1/3 of the gain and 1031 the gain from the other 2 into an investment property.