I received a 1099-s form (real estate transactions) for payment made by a utility company for a one-month TCE (Temporary Construction Easement). I was expecting a 1099-MISC form and declare the amount as rental income on schedule E. Did the utility company make a mistake and send me a wrong form?
It sounds like the utility company issued a 1099-S because the payment was classified as a real estate transaction, even though it was for a Temporary Construction Easement (TCE). This is not likely an error unless the payment permanently transferred property rights.
Since the Temporary Construction Easement (TCE) payment is reported on Form 1099-S, but functions like rental income, it should be reported on Schedule E (Supplemental Income and Loss),
Here's how you can report this income in TurboTax:
These steps are not correct for Turbo Tax online. I followed your link, it did not lead to that section. And then those questions are not following either.
The steps for adding a rental property or just adding income to include rental income can be done by using the steps in the link below. It will work in TurboTax Online