Our front yard was sold in a Right of Way Deed and contained a tree line, fence, gates, etc. Not sure how to calculate adjusted basis. Any advice will help!

[MichaelDC · Accepted solution]

If you receive a 1099-S for the sale, follow this below to report a $0 gain. Either way, reduce your basis in the entire property by the proceeds of the easement sale. Please feel free to post any additional details or questions in the comment section. 

https://ttlc.intuit.com/replies/5349988

[Angela2]

Thank you so very much!!!  I greatly appreciate you answering the question and then directions on where to enter it.  Thank you!

[MichaelDC]

More than a pleasure. Good Luck!