dmertz
Level 15

Retirement tax questions

A mobile home can be a principal residence as defined in section 121 of the tax code and qualify as a first home with respect to a qualified first-time homebuyer distribution from an IRA.  See IRS Pub 523 where it mentions that a mobile home can meet the section 121 definition of a principal residence.  (Section 121 has to do with the exclusion of gain on the sale of a principal residence.)