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We received a tax settlement from TXDOT for a road expansion that is happening on road behind our house do we have up to 3 yrs before having to pay taxes on the amount?

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RobertB4444
Expert Alumni

We received a tax settlement from TXDOT for a road expansion that is happening on road behind our house do we have up to 3 yrs before having to pay taxes on the amount?

If you received a payment for an easement on your property then you enter the payment and pay taxes on the amount due (if any - there shouldn't be any taxes due at all) in the year that you received it.

 

In order to speak to a representative just log in to your TurboTax account and type 'Contact Us' in the search bar.  Click the pencil icon.

 

benrkess@yahoo.c 

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