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Lev
Lev, Tax Advisor
Category: Tax
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If I pay surface damages to a land owner for damages during

Resolved Question:

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: 8 years ago.
Category: Tax
Expert:  Lev replied 8 years ago.

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

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