Cat in OH Posted February 14, 2008 Report Share Posted February 14, 2008 Just wondering...a client brought in a 1099-Misc for about $1200 for the sale of gas rights. She'd been getting about $50/yr in royalties since she bought the home 6 years ago. I was going to just put this in as "Other Income" but got to thinking. If payment for right of way is a reduction of basis for the property, could this be treated the same way? It would really help her out, but I don't want any problems for her later. Thanks, Cathy Quote Link to comment Share on other sites More sharing options...
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