Sorry I recognize this might not be the correct sub.
I took my “did i fk up” post this morning to three CPAs and presented them with my situation. I said hey I lived in a house for 21 months before converting it into a rental property. I plan on moving back in after the tenant’s lease is up and capture the last three months.
Question is, what are my tax obligations? And how does the Non-Qualified use ratio come into play?
2 of the CPAs say that I am fully exempt (minus the depreciation recapture) as long as I have two years in the house.
https://www.cpajournal.com/2020/02/05/how-the-loophole-in-irc-section-121-can-benefit-homeowners/
The third CPA says I fked up and all of the capital gains is now taxable.
So who do I believe? My anxiety has spiked through the roof since the morning. I would appreciate any and all candid and earnest help. Thank you