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Deductions & credits
I'm of the opinion that you have a long term gain. You owned the land more than one year and the house is an "improvement with a life of more than one year".
I'm also of the opinion that your time in the residence, for purposes of meeting the 2 year rule or calculating the reduced maximum home sale exclusion, is measured from when you moved into the trailer, on the property.
‎August 5, 2022
5:50 AM
968 Views