Yes, you can handle the mobile home as you have indicated. It will be removed from service and if you follow through with demolishing it, without any compensation, there will be no taxable event.
As indicated in your previous post, If any asset was listed under the rental such as a lawn mower, as example, then records must be maintained for those as well. These type of assets should be marked 'converted to personal use'. Once converted to personal use, they are still a taxable asset until sold or destroyed. Keep records for any other assets separate from the mobile home.
@Birdie924
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
