Client bought a home on 1/1/00. He lived in it for 7 years.
He then bought another home on 1/1/07 and moved out, converting the original dwelling to a second home.
He moved back into the original dwelling (former second home), 1/1/15, after selling his then primary residence.
He then sold the original dwelling (former second home) on 12/31/18.
My understanding is that years 2007 - 2014 represent nonqualified use as it pertains to the original dwelling and Sec. 121. Correct?
No rents were received from 2007 - 2014 and no depreciation was taken.
Thanks for any confirmation...