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Yes, you may have to pay taxes when selling a mobile home, depending on your location and specific circumstances. Generally, capital gains tax could apply if you sell the mobile home for more than you purchased it. Additionally, some states impose sales tax on the sale of mobile homes. It's advisable to consult with a tax professional or local tax authority to understand your obligations.
What else can I help you with?
Do you have to pay the land taxes if you own your mobile home in a mobile home park?
Yes, you do, but they are usually quite small.
Are mobile homes subjected to the same amount of taxes as a residential home?
their taxes are going to be the same as a residential home because they have recently shed their tax free status. many mobile home owners now pay taxes that have never paid it in the past.
Do you have to pay sales taxes when you buy a used mobile home?
In Canada you do. -If you are in US,consult your local realtors for this answer.
Do you have to pay taxes when selling a motorcycle?
You don't have to pay taxes when selling a motorcycle, but the buyer has to pay taxes when he goes to the title agency. Some people say the vehicle is a gift so they can avoid paying tax.
Do you have to pay sales tax when purchasing a used older mobile home in Florida to leave on a lot in Florida?
Unless you pay the mobile home in one shot, you may be assessed sales and other miscellaneous taxes. Most times, however, the only taxes that are assesses are lot or property fees.
If you pay back property taxs on somebodys mobile home is it mine?
from what i believe (depending on the county/state) you wouldn't be paying the taxes on the mobile home, but rather the land it is sitting on. This is usually referred to as a tax lien. But most states have a set amount of time that you have to pay the back taxes on before you can obtain the property/mobile home (there is a legal process to obtain it too) Some states vary from 5-7 yrs
Do you have to pay taxes on selling your deceased fathers house?
That is the question !
Do you have to pay taxes on selling used items?
Yes, you may have to pay taxes on selling used items, depending on the circumstances and the amount of profit made. It is important to report any income from selling used items on your tax return and consult with a tax professional for guidance on how to properly report and pay taxes on these transactions.
Do you have to pay taxes on free rent?
not if you are renting free from the home owner the home owner has to pay taxes
Do you have to pay taxes on sale of mobile home?
You do in Canada and I would guess in most US states, though apparently some states make allowances if it's a used home.
Selling a new house in toronto Do I pay hat on selling my new home?
Yes, you may pay income tax for selling your new home in Toronto.
Does selling old furniture count as income and do you have to pay income taxes on it?
yes
