My wife and I own a rental farm. In 2021the county took a few acres of our land to expand an irrigation canal. They paid us for the land, and have issued a 1099-S to us. Do we need to report that income? and if so how do we report it?
Thanks!!!
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Please follow the instructions in this Community answer by HelenaC.
Please follow the instructions in this Community answer by HelenaC.
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