The $250,000/$500,000 Home Sale Tax Exclusion

[Manuel Naranjo]

Hello my BP mates!!

Just have a little question about sale tax exclusion. I purchased a townhouse back in 2008 and lived there until December 2014 when I rented the property and moved to a single family home. I sold the rental property in June 2017 (to be between the 5 years period the IRS mentioned) to be eligible for the$250,000/$500,000 Home Sale Tax Exclusion. However, when I was filling my taxes last week, my CPA (future former CPA) didn't know much about how to apply this exclusion on my taxes because it was a rental by the time I sold the property. His answer was "I cannot find the code to do this, I need to look for it". I'm wondering if any of the more experience CPA members can give a hand on this so I can guide my CPA and close this chapter of my life with him. Thanks!