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Capital Gains on Rental property that was residence

I bought my condo in 1997.  In 2013 I acquired another property which I moved into July 2013.   I rented my condo out in July of 2013.   I am thinking about selling condo this year 2016.  What are the capital gains implications.   I am confused about (if you have lived in it 2 of the past five years it qualifies as personal residence.   Would this mean I would have to sell before or in July of 2016.  It even states if you have lived in it 2 of the prior past 5 yrs.  I guess the bottom line is  will I have to pay capital gains on profit?  Would it be on the full amount of profit?.
1 Comment
It would be best to contact your CPA.
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