My client bought a house in January 2015 and immediately gave on rent. The house was on rent from 2015 to end of 2019. The client moved into this house on January 1st 2020. So this house was his primary/principal residence from January 2020 to February 2022 when he sold it. The escrow and realtor documents show the house sold as primary/principal residence.

I wanted to know if he qualifies 'home sale exclusion' capital gains (exclusion). Does 2 out of 5 year rule apply in this situation.

His profit was $169,500.

Your help will be appreciated.