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If I pay surface damages to a land owner for damages during

Customer Question
drilling (Oil & Gas) what...
If I pay surface damages to a land owner for damages during drilling (Oil & Gas) what box do I report it on a 1099 MISC?
Submitted: 9 years ago.Category: Tax
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Answered in 41 minutes by:
10/1/2008
Tax Professional: Lev, Tax Advisor replied 9 years ago
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 30,130
Experience: Taxes, Immigration, Labor Relations
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Taxable damages should be reported in the box 3 - http://www.irs.gov/pub/irs-pdf/f1099msc.pdf

see also instructions on the page 4 - http://www.irs.gov/pub/irs-pdf/i1099msc.pdf

Lev
Lev, Tax Advisor
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