I sold my mobile home for 10k do I have to declare that as income on my taxes?
94745
Not if it was your primary residence.\nIf it was rental property then you have to declare the gain.\n$10,000 - basis (what you paid for it) + depreciation (basis/27.5 * # of years rented)\nIf it was a second home, talk to a tax pro (not HR Block or another chain)\n\nDick
641722
No, the house is part of the real estate, too bad it was not a trailer! anyway there is nothing stopping you from making an offer, so go to a realtor, anyone will be happy to write it up, if you are in the norther michigan area give me a call, lol! just make an offer of what you are willing to pay, often times listing agents will list a house at whatever the owner wants just to get the listing, kind of like blowing sunshine up their skirts...i digress, just go to a realtor and make an offer, if you can pay cash instead of a mortgage you will have a good chance. good luck
154381
solution is to refinance. you must get a broker or loan office that does this, as lenders are few and far between. amount of money will depend on age of mobile home, etc.
131455
Under IRS 1031 rules you may sell income property and reinvest entire amount in income property and NOT be subject to any capital gains tax. This does not apply if your are selling your residence (where you live), however in this example  single persons gets up to a $250,000 exemption before taxes apply and a married couple gets $500,000.  There are many IRS 1031 rules that must be strictly complied with to avoid tax on an investment sale and purchase .  Look for a 1031 Qualified Intermediary in your local phone book or on the Web.
1170442
You have to pay taxes on gains over 250K for an individual or 500K in your case. In calculation of the gains you can also deduct all the improvements you made.\n\nYou do not have to pay any taxes if you lived in the house for over two out of five years prior to it's sale and your gains are less then stated above. So, sell now, and good luck.
927329
Taxes due would depend on what you sell it for.  The privacy fence and storage shed would be added to the cost of the house.  The cosmetic repairs would not be.  So you have $127K into it.  The difference between that and what you sell it for (net - you get to subtract items like realtor's commissions that you pay) is your gain.  \n\nFebruary isn't far off, so hanging in there until then makes sense.  Staying a year would make your gain long-term.  You're probably in the 15% bracket, which would mean your long term capital gain would have 5% tax applied.  So if, for example, you sold your home for $150K and paid real estate commission of $9000, you'd have a gain of $150K - $127K - $9K, or $14,000, and your tax on that would probably be $700, which isn't all that bad if you really hate it there.\n\nYou'd have to stay two full years to avoid capital gains taxes at all, and doesn't sound like you want to do that.  There is a little bit of an out here - if you move to a different area and can legitimately claim that the move was due to taking a new job, you can exclude some of the gain - basically, if you lived there a full year, you could exclude half of the gain, and just pay tax on the other half.  But if you're retired, you don't have that option.\n\nWhat you still owe, and what it is or was appraised at, make no difference to the taxes you'll pay.\n\nGood luck on selling your house quickly and at a good price.
830978
Well, a manufactured home is a strange item.  Is this home mobile? Are you selling it with land? If so, then you're talking about a real property sale, and whole bunches of other rules apply.  If not, you may be talking about a personal property sale.\nAnd your question is that they received a bill of sale but did not take possession? Did you receive your money? If so, it's theirs, and any attempt to resell would violate their rights in the property.\nYou could contact them and demand removal (I'm assuming that this thing is taking up space) and/or state that failure to remove will result in a rent charge of ____ per month (whether or not you could actuall collect on that threat is another issue).  Or you can file an "ejection" action, which would result in the sheriff removing the property at the homeowner's expense.\n\nIf not, I think you would need to provide notice that you intend to rescind the contract for their material breach (they refused to pay in a timely manner) and give them an opportunity to "cure" (i.e. follow through with the contract).  This seems like a large sale worth a lot of money, so it would be worth contacting an attorney -- a nice nasty letter from a local Alabama attorney might spur these people into action.  You might also have a cause of action for any dimunition in value or lower price if you have to sell it again.\n\n(statute of limitations isn't the appropriate term, btw... that applies to the termination of different tort or contract actions because someone did not file within a certain amount of time after the harm).
1009485
In order to qualify for the 500k exemption, yiou must have lived in the home for 2 of LAST 5 years.  Since you rented it for last 12, you would be taxed on gain.  HOWEVER, if yoiu bought another property and rented it out,  (using a Sec 1031 like kind exchange), you could then stop renting it and move in, making it your primary residence.  No tax!!!
64248
Based on the information you've provided it's unclear.  It depends whether the money you've received from you family is income.
900881
According to page 97 of IRS publication 17:\n\n"Personal Use Property - Property held for personal use only, rather than for investment, is a capital asset, and you must report a gain from its sale as a capital gain (on Schedule D).  However, you can NOT deduct a loss from selling a personal use property."\n\nThere are four types of property, personal-use (your boat, car, home, clothes, furniture), investment-use, business-use, and inventory.  You mentioned being able to write-off the loss on your home.  If you see anywhere where it says that, please let me know.\n\nSo, if you sold your boat at a profit, Uncle Sam wants a cut.  If you sell it at a loss, too bad.  Not fair, is it?
341493
I would contact a tax professional.\n\nYou might have to pay capital gains tax if it is not your primary residence, but I DO NOT KNOW. I would contact a tax professional.
359467
It depends.  If you are selling items that you purchased with earnings you have already paid taxes on and you are not selling them for more than what you purcahsed them for, then no, you do not have to pay taxes on the money you have reaped from Ebay.  If you have sold these same items for more than you paid for them, in other words, you have actually gained $3,000 over and above what you paid for these items, then yes, you have to report that income and pay the appropriate income tax.
878425
You only pay capital gains on PROFIT, not gross proceeds. If you come out at 0, you dont have to worry about capital gains. \n\nI bought house for $152, sold it at $167, and only paid capital gains on about $5K becuase that was all the profit I made on the deal. \n\nAs long as you keep your paperwork to show that the cash you're getting back is your down payment and not profit (hang onto your original closing statement) then the 1031 exchange is a moot point.
1067997
Any transaction involving $10K or more is reported to the IRS.  When they see this and cross check to your zero income tax return, they will surely contact you with a few pointed questions.  Any income, cash or otherwise, is taxable income and should be reported to the IRS.
1063555
I'm sure the laws vary from state to state. I live in Ky. and here you would be responsible for the property taxes on the home. If you're keeping the home you're not really selling it so there should be no sales tax. There will be a fee to transfer it into your name of course but with you being in Florida I can't even give you a ball park figure. It would be a good idea to call your local court house to get a better idea about things. I think the PVA office could give you the answers you need. (property value admin.)
247947
From the IRS:  \n\nThere are special rules relating to the rental of real property that you also use as your main home or your vacation home. For information on income from these rentals, or from renting at an amount less than the fair market value, refer to Topic 415, Renting Residential and Vacation Property (formerly Renting Vacation Property and Renting to Relatives).\n\nRead the entire fact sheet here: http://www.irs.gov/taxtopics/tc414.html\n\nTopic 415, Renting Residential and Vacation Property here: http://www.irs.gov/taxtopics/tc415.html
19757
You could talk to a real estate agent, but I advice you not to purchase a mobile home cause when you try to resale it. It will be very hard.