A "residential lot" is a platted section of a residential neighborhood that has not been developed.
Which code to use for description for mobile home on land, thx
Choose a code from the following list (Form 6252 & Instructions:(
1. Sale property is timeshare or residential lot.
2. Sale by an individual of personal-use property (within the meaning of section 1275(b)(3)).
3. Sale of any property used or produced in the trade or business of farming (within the meaning of section 2032A(e)(4) or (5)).
4. All other installment sales not listed.
@Nikkitonkakc