The government has acquired my client’s land through eminent domain but not the building portion. The government is planning to rent the building portion for 3 years. However the government is asking for the client to demolish the building. Can my client write off the building?
Property owners that are affected by eminent domain have few options once they receive an offer for their property. … Depending on the state the property owner is in, it may not make sense negotiating when an offer is made.