Bought my primary manufactured home in 04/2016 sold it 09/2018 profit of 35,000. paid a monthly lot rent. did not own the property. Can I take the home gain exclusion?

schmitt1 — Sat, 01 Jun 2019 18:17:29 GMT

You can take the gain exclusion as long as you considered...

Leonard — Sat, 01 Jun 2019 18:17:30 GMT

You can take the gain exclusion as long as you considered the home your "primary residence" for 2 of the last 5 years. If you have a capital gain from the sale of your main home, you may qualify to exclude up to $250,000, if you file single or $500,000 if you file married jointly of that gain from your income.

topic Bought my primary manufactured home in 04/2016 sold it 09/2018 profit of 35,000. paid a monthly lot rent. did not own the property. Can I take the home gain exclusion? in Deductions & credits

Bought my primary manufactured home in 04/2016 sold it 09/2018 profit of 35,000. paid a monthly lot rent. did not own the property. Can I take the home gain exclusion?

You can take the gain exclusion as long as you considered...