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

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

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1 Best answer

Expert Alumni

Jun 4, 2019 4:26:02 PM

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:

Expert Alumni

Jun 4, 2019 4:26:02 PM

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: