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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.)
‎February 23, 2023
5:09 AM