capital gains tax on mobile homes on leased land?

tanamaJanuary 21, 2006

Does anyone know the capital gains rules with regards to selling a mobile home that's on leased land - aka a trailer in a trailer park?

Do "primary home" rules apply, or since it isn't real estate, does it get hit just as a regular capital gain?

Thank you for reporting this comment. Undo
Roberta_z5

If you have been deducting mortgage interest on your past taxes, you home is probably considered real estate. But, there is an exemption of $250,000 for you and another for your wife if you have lived there at least two years. I find it hard to believe you would owe any taxes on a trailer.

If you haven't been deducting mortgage interest, who knows you have it anyway?

    Bookmark   January 21, 2006 at 7:23PM
Thank you for reporting this comment. Undo
lizql

I agree with the above poster. I've never heard of anyone paying capital gains on a mobile home.

    Bookmark   January 22, 2006 at 9:38AM
Sign Up to comment
More Discussions
Grouted Vinyl Tile & moving Mobile Home
I have recently purchased an older mobile home. It...
twosonsmama
Moving an old Windsor (70's) single wide SAFE?
A friend of mine has a 1970 ish Windsor 14X 70 or 12...
poaky1
Should I buy this single wide?
I have an opportunity to buy a 2001 Clayton single-wide...
andy2014
Insulating an older Mobile home
HI, Im new to the forum. Glad to meet you all and really...
txchick
Marlett 1997
I have a Marlett as a rental in Idaho. I haven't had...
cocolallakids
Sponsored Products
Capital Lighting 8011SY-123 Wyatt Surrey Wall Sconce
Littman Bros Lighting
Capital Lighting Towne and Country Transitional Bath Vanity Light
1800Lighting
Capital Lighting Modern Contempo Flush Mount
1800Lighting
Empire Cameo Hand-tufted Wool Area Rug
$199.00 | FRONTGATE
Safavieh Malibu Shag MLS431W Area Rug - White - MLS431W-24
$89.99 | Hayneedle
Bayou Vista Wall Plaque
$225.00 | FRONTGATE
Capital Lighting 3797BB ONeill Burnished Bronze Pendant
Littman Bros Lighting
Safavieh South Hampton SHA241B Area Rug - Black - SHA241B-28
$105.99 | Hayneedle
© 2015 Houzz Inc. Houzz® The new way to design your home™