I received a 1099-a form after my chapter 7 bankruptcy. In box 2 is $250,604.36 and in box 4 is $224, 916.54 and in Box 5 ix checked yes. Do I have taxable income?

No - even though there was "loan forgivenes" in the amount of about $25.7K (box 2 minus box 4), because this was associated with bankruptcy it is not taxable. By the way, if it was taxable the bank would send you a 1099-C form, not a 1099-A.