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I am a tax preparer in St. Tammany. I see many people that would have to include the road home grant in their 2007 income. Not one of these families have been made whole through their insurance companies, road home grants, or SBA loans. Like Ray in Gentilly, paying the tax on the portion of the road home grant that reimbursed the losses used for income tax purposes will leave most people with this decision: What do I leave unrepaired so I can pay this tax?
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