1099-misc Pipeline Easement

[Ger-L]

I entered figures from 1099-misc for Rents & Other Income for 2019 on Farm Rental Income.  When I go out to forms - there is a 1099-misc with my entered figures.  But these figures do not show up on Turbo Tax Schedule E and thus do not go to Schedule 1.  How will I not be audited by the IRS for not entering my 1099-misc since that work form is not being sent to the IRS according to my print review.

[KrisD15]

How did you enter the 1099-MISC? 

In which box is the income reported?

[Ger-L]

I entered the 1099-misc under farm rental income when asked on editing if there was a 1099-misc.

Values were given on 1099-misc under 1 rents and 3 other income

[JamesG1]

I am confused as to whether the 1099-Misc is reporting proceeds of a pipeline easement?  There are no references to an easement in the conversation but the heading of the post refers to a pipeline easement.

If the 1099-Misc is reporting proceeds of a pipeline easement, it is possible that the proceeds reduce the cost basis of the land and there is no taxable event?

See this TurboTax Best answer.