I receive a 1099S for a yearly payment I receive from a wind energy company that ran transmission lines through the my second home property. Where should I report this?

[ColeenD3]

 It's reported different ways. The 1099S for the easement may not be taxable income at all to you.  You still have to report it, however, it is likely not going to show taxable income
 

"You don't usually report payment for an easement. You would only reduce your cost basis in the remaining property, by the amount you received, for when the property is sold in the future.

Since you got the 1099-S , it must be reported on your tax return, but it is most likely not taxable.

Report the 1099-S amount as sale proceeds, then show the same amount  as your basis, for a net gain of $0. On your own records, reduce your cost basis by that amount for future sale. 

TurboTax does not have an entry point for a 1099-S (other than home sale). So, in TurboTax, enter at:

- Federal tab

 - Wages & Income

Scroll down to: Investment Income

   -Stocks, mutual funds, Bonds, Other (Real estate is other)"

[cspiva]

@ColeenD3 Thank you so much for this answer.  I received a 1099-S as proceeds from a Temporary Utility Easement.  I have searched the IRS website and turbo tax.  Thank you for the reporting solution.