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Get your taxes done using TurboTax
I just want to clarify as I have a similar situation.
My mother received a temporary easement for some land for road construction and she also "sold" some land for the new right away. Can both of these be entered as layed out above or does the "sold" portion of land (non homestead ag land) need to be entered as a sale and if a sale it would only be taxable above the basis, correct?
The temp. easement was a 1099-misc (about 3 years)
the sold land for the right away was a 1099-S
Thanks!
March 26, 2023
2:25 PM