It is not taxable income that has to be reported because the refund was only replacing money they had no right to take in the first place (because of the bankruptcy) Compare to-- if you took a deduction for property tax and then got a refund it would be income because you deducted it so it has to be added back (if that makes sense- in your situation, the company took and replaced whereas my example you took a tax advantage so you have to pay it back to the IRS).
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