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Would my Mobile Home Sale last year be part of Capital Gains Summary even though it is not my Primary Residence?
We paid $135,000 for it in 2013 and sold in 2020 for $110,000
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May 31, 2021
3:10 PM
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Investors and rental owners
Thankyou for your question.
The sale of the mobile home would be a part of the capital gains summary as it is not a primary residence. Income tax exemption is only eligible for one's primary residence for every year he/she owned the same
September 24, 2021
10:32 AM