Re: Easement payment reported on 1099 MISC as rents

debbi.riordan · ‎03-01-2021

Client received a 1099S for sale and a 1099MISC for rents from granting an easements for the DOT to construct a sound wall on the edge of the property. Seems like we should just adjust the basis but since the 1099's were issued how do I report?

sjrcpa · ‎03-01-2021

https://proconnect.intuit.com/community/proconnect-tax-discussions/discussion/client-received-a-1099...

Only ask once. It's all the same place.

The more I know, the more I don't know.

debbi.riordan · ‎03-03-2021

I was adding the fact that they also received a 1099misc for rents as well as the 1099s reported as a sale, so that is why I posted a second question.

Easement payment reported on 1099 MISC as rents

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