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.
Best Answer Click here
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."
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."
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.