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turboingxyz
New Member

If I sold a mobile home that was held for sale and not occupied as a residence, is any of the lot rent for the year deductible in the basis?

 
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NancyG
New Member

If I sold a mobile home that was held for sale and not occupied as a residence, is any of the lot rent for the year deductible in the basis?

No, lot rent is not deductible in the basis.

Any improvements you make to the property can be added to your cost/basis to reduce any gain.

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