Manufacured Home Depreciation/Tax Deduction?

[Jim Sheppard]

My wife and I purchased a manufactured (mobile) home when we first married in 1991. We will be purchasing a new one to be placed on the same lot in a community (chattel) in the next few months. We paid $30K, and the new one will be in the area of $60-65K.

Are we entitled to deduct any depreciation or capital losses on our income taxes? If so, how much and where on the formS9)?

Thanks all in advance!