I bought a house for personal use with a large lot and mobile home. I will divide and improve & sell mobile home in 2019. How should I report my purchase for 2018?

posted

Connect with an expert

1 Reply

I bought a house for personal use with a large lot and mobile home. I will divide and improve & sell mobile home in 2019. How should I report my purchase for 2018?

You will not report this purchase on your 2018 return. You will wait until the year you sell the divided portion of the property to report it.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post