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Mobilehome sale capital gains tax

brucetax22 — Tue, 10 Feb 2026 10:02:29 GMT

Is the seller's tax on sale of an occasionally used (not rented out) mobilehome in California registered with California Housing and Community Development, owned for many years, subject to capital gains tax? If so, how can that tax be reduced? The gain will cause a substantial increase to our income for 2023.

Re: Mobilehome sale capital gains tax

Mike9241 — Wed, 17 Jan 2024 19:05:22 GMT

If there's a gain it's taxable. A loss is not deductible. Gain or loss is the sales price less what was paid for it plus the cost of any improvements.

"How can that tax be reduced?" Sorry to point this out but that should have been posted in 2023 as early as possible. We don't have enough information to know if there is anything that can be done in 2024 to reduce the 2023 taxes like putting money into an HSA or retirement plan if you qualify. Just about anything would require more cash out of pocket than the reduction in taxes.

Re: Mobilehome sale capital gains tax

brucetax22 — Wed, 17 Jan 2024 16:20:39 GMT

Thanks for answering my question.