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posted May 31, 2021 3:10:59 PM

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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1 Replies
Level 1
Sep 24, 2021 10:32:09 AM

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