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Why isn't income from a gas pipeline company reported on a 1099-S form? Since it is an easement or crop damage?


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Expert Mark Anderson's Answer:

A 1099 S is used to report the sale of real estate. 

 

http://www.ehow.com/way_5800822_do-report-1099s-tax-return_.html

 

If you are just getting income or royalties, then it would not be reported on a 1099-S. 

Mark Anderson, JD

Montana

21 yrs experience

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