Easement payments

June 1, 2020

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Q. Are easement payments tax reportable? A. (Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting.) Yes.  Payments for easements are reportable on either Form 1099-MISC or Form 1099-S, depending upon the length of the easement term.  If the term of the easement is equal to or greater than 30 years, the payment is reportable on Form…

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