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How do i report a1099s for Easement on my land from Atlantic
how do i report a1099s for Easement on my land from Atlantic Coast Pipeline … read more
Lev
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I have a tax question. I own land that has a government
I own land that has a government easement, the government clear the tree from part of the land and used the dirt to build up part of a levee along the Mississippi river leaving a 30 acre hole that can no longer grow trees for timber. My question is, can i take a deduction for the loss of the timber and the dirt or some other deduction for the value loss of the property? … read more
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I received a 1099- I received a 1099-S for sale of a
I received a 1099-S for sale of a permanent easement to Fish and Wildlife Service on land that was inherited in 2009. The proceeds are less than the cost basis of the land at the time it was inherited. How do I report this; I am using TurboTax Deluxe? … read more
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Our farm is having a gas pipeline going through it. What are
our farm is having a gas pipeline going through it. What are the tax treatments for the payment of the easement, damages and temporary easement. Capital gain or ordinary income. Our attorney has recom… read more
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I received land damage payments from an oil company and gas
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PDtax
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A pipeline company paid my mother $3,000 ROW in 2013. Additionally, she was paid $4
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Lev
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how do i claim a 1099 on payment right of way I received
how do i claim a 1099 on payment for pipeline right of way I received a 1099S and Misc Is all of it taxable as a capital gain it was family owned and all children received portions… read more
Robin D.
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I started to ask a tax question a day or two ago but got hung
I started to ask a tax question a day or two ago but got hung up with my pay pal account. Apparently the $32 was charged to my account but I didn't finish talking to whoever I was talking with.… read more
Lev
Lev
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An oil company paid surface damages in 2013 for new wells drilled
An oil company paid surface damages in 2013 for new wells drilled on our land which is used in a farm rental business. A 1099-MISC was received with the total amount reported in Box 3 Other Income. Th… read more
Lev
Lev
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I was paid for a pipeline easement on my property and they
I was paid for a pipeline easement on my property and they told me I would only have to pay tax on 20% of what they gave me and the rest was of the money was for damages,which I do not have to pay tax… read more
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I was paid for an easement I granted to a pipeline company.
I was paid for an easement I granted to a pipeline company. The payments made to me were split this way (30/70) in two checks; $700 easement $300 damages $1,000 in total I got a 1099-S Proceeds from R… read more
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Lev
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i received a 1099s for a pipe line access right of way where
i received a 1099s for a pipe line access right of way where do i report this income on my tax return… read more
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gas pipeline easements I get different answers when payments
gas pipeline easements I get different answers when payments are apportioned for sale of easements and damages sale reported as capital gain minus basis & damages reported when land is sold second sou… read more
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I agreed to allow a company with Right of Eminent Domain to
I agreed to allow a company with Right of Eminent Domain to lay a pipe line across my ranch. Payments as follows and my guess as to allocation of same for tax purposes. Permanent Easement- Form 849, P… read more
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I received a 1099-s from a natural gas company (AGL Resources,
I received a 1099-s from a natural gas company (AGL Resources, Atlanta, GA) reporting gross proceeds of $500. This was payment/compensation for them to replace a 24" gas line along an easement that ru… read more
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I own 500+ acres of land in Texas and recently completed agreement
I own 500+ acres of land in Texas and recently completed agreement for pipeline easement. Easement was subject to eminent domain. I received payment for purchase of the easement. 5.1548 acres $80,000,… read more
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Lev
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I received a 1099-S for an easement granted to the city for
I received a 1099-S for an easement granted to the city for addition of a sidewalk. Does this need to be reported as income, or does it simply reduce the basis of the home? Even if it does simply redu… read more
Dave CPA
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i am a landowner in s texas and received monetary damages for
i am a landowner in s texas and received monetary damages for digging up a pipeline easement across my land to repair one of 3 pipelines which cross my property - i did receive a 1099 misc - is this t… read more
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