1099-S/Proceeds from Real estate transaction easement.Sewer co. required us to sell right of way access or condemnation would occur. We still own prop. Where do I claim?

[MichaelL1]

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