The state game commission was clearing trees on an adjoining property and mistakenly cut several of my trees down. I was compensated for the value of the trees by them. I have been unable to get a 1099 or other tax form from the state agency that cut the trees..What do i do?
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If they paid you the value of the trees you don't have a tax event. If more than their worth it is a capital gain and a loss if paid less than their worth.
If they paid you the value of the trees you don't have a tax event. If more than their worth it is a capital gain and a loss if paid less than their worth.
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