Are easement payments reportable on a 1099-MISC?

Question

Are easement payments reportable on a 1099-MISC?

Answer

Easement payments are reportable on the Form 1099-MISC as rent, in box 1, if the period of use is less than 30 years. If the easement payment is for a period of 30 years or more, the payment is reported on the Form 1099-S.

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