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I sold my mobile home but don't know if I have capital gains
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June 4, 2019
3:53 PM
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Deductions & credits
You will not pay a capital gain on the sale of your home if:
You owned and lived in your home 2 out of the last 5 years prior to the sale, and,
Your gain is less than $250,000 ($500,000 if filing Married Filing Joint).
If you lose money on the sale, the loss is not deductible.
June 4, 2019
3:53 PM