TaxGuyBill
Level 15

If it was NOT a main home AFTER a period of not being a main home, yes, it would qualify.

In other words, (1) it they bought it, (2) immediately made it their main home, (3) rented it out AFTER it was a main home and (4) did NOT make it their main home after it was rented, it would qualify.

The exclusion does not cover the depreciation.