I am using turbo tax that is installed on my computer. where do I enter 1099-S information for a land easement?

[eardm-vtc-net]

What portion of turbo tax is used to enter a 1099-S for a land easement.

[PaulaM]

If you still own the land (easement grant), the easement represents a reduction in your cost basis and not an actual sale. To report the 1099-S enter in the Investments, Other as it is reported on your form. Then enter the cost basis in an equal amount so that the net effect is zero.

This reports the form, but the gain will be zero. Keep the forms for your records and the reduced basis comes into play later when you sell the property.