sale of mobile home on purchase agreement
I sold my mobile home for half of what I had in it, on a purchase agreement, interest free and turned the title over to the buyer. In Michigan am I required to count that as income and pay tax on it, since I am just getting part of my money back. It was not my main home and the sale price is under 50,000.
Click here to post comments
Join in and write your own page! It's easy to do. How? Simply click here to return to YOUR Questions and Answers.
|