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Easement payment reported on 1099 MISC as rents

debbi.riordan
Level 2

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?

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2 Replies 2
sjrcpa
Level 15
debbi.riordan
Level 2

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. 

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