The County purchased the back part of the land of my main home (I currently live on the property) for a road widening project for an easement/right of way last year. The total was $10,800. I received a 1099-S form from the title company that did the closing. I need to know where and how this needs to be reported. Due to the reason of the sale, am I responsible for paying taxes on the proceeds from the sale or is this exempt from taxes because of the type of sale.
