You'll need to sign in or create an account to connect with an expert.
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
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
finlandyu
New Member
mjtax20
Level 1
atn888
Level 2
gtbyrd
Level 2
gtbyrd
Level 2