calculating gain on sold mobile home sorry if the title is confusing. I'm trying to figure out how to calculate capital gain on a mobile home I sold that I obtained through a bonded title process.
This mobile home was on a piece of land that was Quit Claimed to me many years ago. I sold it last year but am not sure how i report the sale on my taxes. Is it a gain, an income, can i somehow make it a loss if sold for less than estimated value?
Thanks! |