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URL:  http://boards.fool.com/it-has-been-several-years-since-we-had-land-14312706.aspx

Subject:  Re: Land Condemnation Date:  2/9/2001  2:12 PM
Author:  GaSam Number:  46051 of 121179

It has been several years since we had land condemned. I believe the way the accountant did it was to say that it affected the basis of the property. In other words reduced our the purchase price of the property by the amount received.

This was for our personal residence and was before the change in capital gains so I don't know if that affected it.

Hope this helps a little.
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