I own a manufactured home that over the years we have converted back and forth between rental and personal use (our kids lived in it while attending the university). It was rented when the park it was in changed owners and the new owners would no longer allow us to rent it. We had it moved to a city lot which we bought for that purpose in another town, and it will be a rental as soon as it is ready. We paid to have it moved and set up. I constructed a new entry porch, reskirted it, hooked up the utilities, paid for permits. I am paying my son to finish interior repairs connected to the move. What expenses are deductible and what must be amortized?
Thank you, folks, for your insight. One quick follow up question: Because I live in anothe state, there was considerable mileage involved in my trip to do the work associated with the home relocation, is this still deductable as a normal expense? Thank, again!
