Recently, we had a home bought out under the eminent domain laws.
The State has not sent us any information to file for our taxes.
Is eminent domain exempt from capitol gain earnings on your income tax?
I've looked through the IRS's website and can't find an exmeption for it but can't figure why the state would not send us some type of reporting form.
Any information or links that you can provide will be greatly appreciated.
Orignal From: Is a home being bought out under eminent domain exempt from Capitol gain?
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