How do I report income from a permanent Landscape & Street Maintenance Easement? Also, what form do I use?

wkatb · ‎June 4, 2019

The property was a small strip of land on our primary residence.

MarilynG · ‎June 4, 2019

You may not have to report it, unless you received a 1099-S. Just reduce the Cost Basis of your property by the amount received.

Here's more info:

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MarilynG · ‎June 4, 2019

You may not have to report it, unless you received a 1099-S. Just reduce the Cost Basis of your property by the amount received.

Here's more info:

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

How do I report income from a permanent Landscape &amp; Street Maintenance Easement? Also, what form do I use?