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Where/how do I enter 1099-s and 1099-misc form info received from the county for ROW Easement and replacement cost for trees, etc. I shoudn't have to pay taxes on this.

These forms act like we made money on the deal
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1 Reply
LeonardS
Expert Alumni

Where/how do I enter 1099-s and 1099-misc form info received from the county for ROW Easement and replacement cost for trees, etc. I shoudn't have to pay taxes on this.

Generally, you will receive a Form 1099-S for a permanent easement and use the information to calculate your gain from the permanent easement.  Form 1099-MISC is used to report non-permanent easements.

 

You should contact the county and ask why you received a 1099-S and a 1099-MISC.  It is possible that the 1099-S is for the easement and the 1099-MISC is for the replacement cost of the trees.

 

You need to know why and what each form was issued for in order to properly report them on your tax return

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