Hi,
Thank you for the answer. I have some additional questions.
How/where do I enter this as income with minor expenses and prorate my real estate taxes? Would that reduce my tax burden?
I should maybe have mentioned this earlier, but despite the full amount being recorded as "Rents" on the 1099-MISC, when the payment was made, most of the money was earmarked for damages to landscaping, and only a small portion was earmarked for the actual temporary easement. Is a payment for landscaping damages really considered rent/income? Do I need to report the amount for damages and the amount for the easement separately somehow?
