If I agree to vacate a right of way easement granted through a neighbors property for 75k, does it decrease the cost basis on my property or count as income?

lqjohn7 · ‎June 1, 2019

MarilynG · ‎June 1, 2019

Yes, the sale of the easement would decrease the cost basis on your property.

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MarilynG · ‎June 1, 2019

Yes, the sale of the easement would decrease the cost basis on your property.

Here's more info:

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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