We received money from a drainage easement on our property of $30k. We did not receive a 1099. Where do I enter this on my taxes? It decreases the property value somewhat

226

Intuit Alumni

Jun 4, 2019 5:34:30 PM

You don't need to enter it. As you say, it decreased the basis of your home. If you were to sell, it would give you a larger gain.