Good news is that may not be taxable income at all if the total cost of the property is more than the amount paid for the easement.
It is going to be reported under Investments Sold.
To enter your Investments sold
Click on Federal Taxes
Click on Wages and Income
Click on I'll choose what I work on
Scroll down to Investments
On Stocks, Bonds, Other, click the start or update button
Your Basis of what was sold will be the 1099S sales price (which will result in no gain or loss as long as the money for the easement is less than the price of the property).
Please see the detailed explanation below.
https://ttlc.intuit.com/replies/5793610
