Is a 39' destination trailer (cost $90,000) that is parked full time in a trailer park considered a mobile home?
If it is not used as a rental property, should I report it as a purchase? Does it qualify under the "mobile home" category?
01400
1 Replies
TurboTaxBea
Level 2
May 1, 2023 8:28:57 AM
Hi there!
If a park model trailer, travel trailer or motor home is used for residential purposes and is permanently affixed to land in the same manner as a house, i.e., set on a permanent foundation and not merely placed on the land, it may qualify as a “residential unit”.