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1099 form for easement and right-of-way
December 1, 2022
Q. What 1099 form should my company send to property owners for easement or right-of-way payments?
A.
(Answered by IOFM's third-party tax experts)
If it is for a perpetual easement or for a period of more than 30 years, the payment is reported on Form 1099-S, "Proceeds from Real Estate Transactions". If it is for an easement or right-of-way for a time period less than 30 years, the payment is reported as rent income in Box 1 of Form 1099-MISC, "Miscellaneous Information".
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