Capital Gains Tax Exempt?

[Andre Morris]

Hi all, I purchased my 1st home in February 2010. I lived there until December 2016, when I moved into a single family home. I sold the 1st home in May 2019. I lived in the 1st home for roughly 7 years prior to moving. Over the last five years, I lived in the 1st home for over two years. This means that I qualify for a capital gains exemption of the profits made on the sale of the 1st home, correct? 

Thanks!