Sell mobile home in California, I must include income from sales on tax returns?
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August 09 2010 2:52 am | In : Home Mortgage
I have a mobile home manufacturing / lease-Park in California. There is no mortgage or lien on the home front. If I sell, I must declare the capital gain on the sale of a property on the tax return? Or I can exclude to receive 250,000 dollars of capital, if the mobile home is my primary residence during past five years? I’m confused. I pay property taxes twice a year, but some people tell me that the mobile home is my “personal property”, so I do not understand the point that owners get regualr when it comes to the sale of home. Please help!
I ask you, a person or property go into an H & R Block or Jackson Hewlett Tax office and determine what time of year is best to do that. I think if you pay 55 or more you could do with a sales tax on your income and you’re not ready for life on home sales are exceptions. If you’re in a mobile home park, you should not have to pay taxes because you do not own the property. and your house has no basis to measure taxes, it could be otherwise, ask the pros
If a mobile home park as his thing “, which means the same thing as his own car, television, clothing or anything else. The park is expected to pay the payment of property taxes that you do not pay tax on furniture, your taxes on land you do not have one, and since you own the land, parks, who would pay most Campers do not diese.Auch “gain” value in the parks. See what you paid for the house and subtract the price (less the expenses you have for repairing and selling or otherwise) and the amount left is what you zahlen.Beispiel-driving: You will pay 20K for the mobile home 20 years ago. They sell for 15k today, but we found a realtor and there was the closure of certain costs and ultimately cost you 3k to sell. Your price is 2k, so you pay taxes 2k