Yes, the damages to the easement on your property are considered a Casualty Loss. The payment is recorded as a non-taxable reduction to the basis of your property, as long as the payment isn't more than the original basis of the property. Any amount over your basis would be ordinary income.
In short, if you know the adjusted basis of the property, you may report this in the same way you reported the original easement payment last year. A casualty loss that is equal to the "reimbursement" you received nets to zero, and is not a taxable event.
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