311421
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

warack
New Member

How do I deal with a 1099-MISC (box 1) I received from country for use of easement on primary residence (trees killed by trail)? Will have to "repair" what they will do.

County is putting in a trail along our property.

Work will damage trees.

They have provided a payment for the values of the trees that will be damaged.

After work, expect to plant trees to replace those lost.

Payment from county received in 2018, work planned for 2019, replacement of trees in 2019 or 2020.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
JulieR
Expert Alumni

How do I deal with a 1099-MISC (box 1) I received from country for use of easement on primary residence (trees killed by trail)? Will have to "repair" what they will do.

The 1099-Misc is reporting the payment as "Rent" because the county is basically renting the access through an easement on your property.  You will report this on your return as miscellaneous income. 

To do this: In your open return, go the search box and type "1099-misc" and select "Jump to 1099-misc". Answer "Yes" on the next screen. Enter the information as reported on the1099-Misc. and click "continue". On the next screen choose "Nonbusiness income from the rental of personal property or equipment"  

(see screenshots below)

View solution in original post

2 Replies
JulieR
Expert Alumni

How do I deal with a 1099-MISC (box 1) I received from country for use of easement on primary residence (trees killed by trail)? Will have to "repair" what they will do.

The 1099-Misc is reporting the payment as "Rent" because the county is basically renting the access through an easement on your property.  You will report this on your return as miscellaneous income. 

To do this: In your open return, go the search box and type "1099-misc" and select "Jump to 1099-misc". Answer "Yes" on the next screen. Enter the information as reported on the1099-Misc. and click "continue". On the next screen choose "Nonbusiness income from the rental of personal property or equipment"  

(see screenshots below)

warack
New Member

How do I deal with a 1099-MISC (box 1) I received from country for use of easement on primary residence (trees killed by trail)? Will have to "repair" what they will do.

Thank you -- (though it doesn't feel like income)

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question