Mobile home sale
Posted date : May 11, 2022.
I have a mobile home in a Florida home park on rented land. If I sell, do I have to file a tax return? It’s considered a vehicle because, when I bought the house from an individual, he gave me the title certificate and I went to the Department of Motor Vehicles to do the transfer myself. Please help me. A real estate agent tells me that I don’t have to make a statement to FIRPTA. Thank you.
Lina Larochelle
Sherbrooke, QC
Ed.: FIRPTA does not apply, as your property is not considered to be real estate. However, if you realize a capital gain on the sale, you are taxable on any amount greater than $70,400. If the gain is less, there is no tax.
