Im going to purchase a doublewide thats in a park im also buying a my own lot to put it on. Can I claim the doublewide+land+moving cost? Also could I claim how much it took me to get the land ready for septic+well+landscaping?
No, the only thing you will be able to claim is the purchase price for the trailer, not moving it, not setting up, not the landscape, etc. Only 10% of the actual trailer costs, up to 8k.
5 Responses
linkus86
2010 Apr 28 1The home buyer tax credit applies to your income taxes, not your expenses. The purchase of a mobile home will qualify you for the tax credit if purchased before 4/30/2010
References :
Realtor
Age of Reason
2010 Apr 28 2The credit is for 10% of the purchase price of the home. No moving costs allowed
References :
Doctor Deth
2010 Apr 28 3you can never claim anything for septic-well-landscaping
not even sure if the credit is good for mobile homes
if it is – it’s only good on the purchase price of the home. period.
References :
Landlord
2010 Apr 28 4No, the only thing you will be able to claim is the purchase price for the trailer, not moving it, not setting up, not the landscape, etc. Only 10% of the actual trailer costs, up to 8k.
References :
Smokies Hiker
2010 Apr 28 5The tax credit applies to the purchase of the home and property, nothing more. It’s a 10% tax credit up to a maximum of $8,000. What steps you have to take to renovate the property to live there is your expense. Good luck and enjoy the house!
References :
Leave a reply
Categories
Pages
Tags
Archives
Meta
Recent Posts
Links
Meta