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.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<