Tax rules when selling a primary residence turned into rental

[Alyssa Magyar]

I bought a home in 2021 and lived in it for 2 years. After the 2 years i moved and turned it into a long term rental. If I were to sell the home within 5 years, is the gain on the home still tax free? Or does it not apply since I rented out the home as well. Also if you know what tax code explains this that would be helpful as well. Thank you!

[Joseph Palmiero]

Code Section 121

Any gains up to $250,000 for single filers and $500,000 filing jointly will be tax free.  You will have to pay tax on the depreciation recapture.