topic I purchased an land parcel for $49K and placed a new mobile home on it valued $95K. I spent $33K dollar to improve the property. Can I claim this on my tax return? in Deductions & credits

I purchased an land parcel for $49K and placed a new mobile home on it valued $95K. I spent $33K dollar to improve the property. Can I claim this on my tax return?

orocovis1956 — Mon, 09 Mar 2026 04:24:24 GMT

This a second home. The property is for personal use (not a rental property).

Re: I purchased an land parcel for $49K and placed a new mobile home on it valued $95K. I spent $...

Vanessa A — Tue, 25 Jan 2022 20:07:56 GMT

No. Improvements to personal property are not tax deductible. Whenever you sell the property, you will add these improvements to your cost bases, decreasing your profit on the sale.

Re: I purchased an land parcel for $49K and placed a new mobile home on it valued $95K. I spent $...

orocovis1956 — Tue, 25 Jan 2022 20:20:08 GMT

Thank you!