Proseries Basic

Sale of Home - used as primary residence then rented. Lived in home for 2 of the 5 years prior to sale. Got a 1099-S so Schedule D will be filed. I recaptured the allowable depreciation and entered it on the home adjusted  basis sheet as decrease to basis. After decreasing basis, the exclusion is still met. Do I also need to report on Form 4727? When I entered data in that form, it created a gain on Schedule D and didn't take into consideration the exclusion. I think since Schedule D will be filed, there is no reason to file form 4798 but would like your expertise to be sure. Thanks.