Capital gains on modular home sale

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? From my understanding the gains would be taxed at my normal tax rate due to being short term, but how would the taxable amount be determined?

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What you sell it for less your basis.

The basis is the thing. You have basis in the entire property (land plus two residences) and initially it is your purchase price. You would then need to allocate a portion of the basis to the modular home (and the land for it, if you are selling a piece of land as well).

How quickly are you flipping the modular home? If quickly, perhaps you could argue that there was no increase in value, and thus, no gain?

If you are selling the modular home pretty quickly after the purchase of the entire property, I would argue that