sale of personal residence after renting it out for 5 yrs

[rick1984]

I have a client who lived in personal residence, from 1982 till 2010, then rented out till 2014. does he have to claim total sale of property as rental sale & lose 250k exemption. I read where if he rented it out more than 3 yrs he has to claim the whole sale. Can anyone direct me to irs pub on this. he rented it out for 4 yrs. Any help is greatly appreciated.

thanks rick

[Kram BergGold]

No 250k

Your client did not live in the house for 2 out of the 5 years prior to the sale. Therefore no 250k exemption. He may have lived in it for a part of one year out of the 5 years prior to the sale depending upon the exact dates involved. In this case, he may meet one of the exceptions for a partial exclusion.

[ATSMAN]

Is the property already sold? If yes the options are limited!