SHOULD I CLAIM THIS AS INCOME?
@JLW0714jkw0401
It depends. Maybe. Maybe not.
Did you sell the land to the state so that your property line as recorded as your county property tax assessor's office reflects that you no longer own that part of your property? (thus reducing the amount of property you are paying property taxes on.)
Or does your property line remain unchanged and therefore you continue to pay property taxes on that land you gave/sold the state right-of-way to?
This matters, espeically of the right of way is so the state can widen the street in front of your house.
