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- Utility easements reported on 1099-S, are they treated as a reduction in basis
Utility easements reported on 1099-S, are they treated as a reduction in basis
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E MAN
Level 1
03-10-2021
03:10 PM
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I have a 1099-S for the payment of a utility easement. Is it reported as a total gain or as a reduction in basis in the property?
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1 Comment 1
IRonMaN
Level 15
03-10-2021
03:36 PM
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Most folks use them to reduce basis
Slava Ukraini!
