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When you said you used it for ranching. Did you do it as for profit business activity?
Also, when you sold the mobile home, did you sell it with the land or you just replaced one mobile home for another?
Couple of issues here. If the 12-acre land was used for ranching, it has to be treated as sale of business property and the exclusion for the sale of personal residence cannot be applied here. Also, the fact that you didn't sell the original land that the 12-acre parcel was attached to, will also make it ineligible for the exclusion.
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