KristianaD
Level 1
08-31-2022
11:48 AM
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I am seeing mixed advice out there so I wanted to ask - is a mobile home always considered a capital asset? Or does it have the opportunity to quality for the home sale exclusion if its the primary home, lived in 2+ years, etc.
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qbteachmt
Level 15
08-31-2022
11:57 AM
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I would look at what the IRS tells you; it's in Pub 523. I googled this for you:
does mobile home qualify for primary residence tax exemption
"Finally, the exclusion can apply to many different types of housing facilities. A single-family home, a condominium, a cooperative apartment, a mobile home, and a houseboat each may be a main home and therefore qualify for the exclusion."
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