Hal_Al
Level 15

Deductions & credits

You do not normally report am eminent domain sale or any gain or loss.  You simply reduce the cost basis in the remaining property by what you received. 

 

For more detail and how to handle the 1099-S, see 

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-m-lost-the-state-bought-have-o...