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Received 1099-NEC from City for easement and other items. How to handle in Turbo Tax?
I received a 1099-NEC in the amount of $22,800.00 from City for road project (addition of sidewalks) in front of my property. The breakdown of the payment is below. The 1099-NEC only has box 1 with the $22,800.00 amount.
Permanent Easement $9,040
Replacement Cost Brick Mailboxes (2) $12,500
Driveway Replacement Cost $1,260
Did the City report this on the correct form? Is any of this income? How to handle in Turbo Tax?
‎February 19, 2025
2:53 PM