This is the 1st year I have anyone do my taxes  and contacted a local CPA firm.

I'm sure you can get free advice from a CPA, but it is my belief that you only need to live in the home 2 years during the past 5 years to get 100% of the capital gains deducted and you don't even need to own the property for the entire 5 years.

@Josh JacksonYeah, you are going to have to talk to a qualified accountant/cpa and perhaps and attorney about that one. 

He said I would need either a CPA audited YTD and 2019 P&L, or the simpler option would be a "self-audited" P&L but that since we are using rental income to qualify, we would need a year's worth of reserves for every outstanding mortgage. 

Tax Accountant & CPA Referral in N.E.

I also need a CPA.

Does anyone have a good WA CPA specilizes in Real Estate?

I'll eventually consult with a CPA on tax issues, but thinking ahead about tax issues.

Seek advice of your local counsel and CPA.

You will find it that many NYC CPA's understand NJ taxation very well.There are a couple of NY based CPA's on this messageboard.