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Deductions & credits
Mike9241 and Opus 17:
Thanks for the insightful info.
Consumers says it will pay the 26K for me to to hire a contractor that I retain to remove the trees, limbs, grind the stumps, and level the ground in the area of the stumps so the easement will be clear of any debris so it can string its lines, poles etc.. Consumers wants me to get bids. I don't know why it just doesn't contact contractors and pay them. Consumers says vthat the 1099S will be issued to compensate for "damages" to the property caused by the above. If this is correct, are such damages taxable.
Consumers says for the actual permanent easement access that I'll get a separate much smaller amount on a separate 1099, which I assume will be taxable.
Thanks again.
Bald Eagle
‎December 19, 2023
6:08 PM