bouch1952
New Member

What form do I use for my S corp filing to deduct the value of land taken by a municipality from corporate ownwership

a municipality under local law and requirements took a roadway built by my S corp and under the S corp ownership through a required deed process where the municipality took full ownership and responsibility for the roadway and underground utilities, there by taking the land and its value. What form do I use on my tax filing for the S corp to claim the lost value of the land.