A neighbor needs an easement through my property to get electric.
I have tentatively agreed to allow it for $1,000; $500 for reimbursement of my legal fees and $500 for the easement.
How do I handle this on my income tax? I presume the reimbursement isn't taxable, but the sale of the easement is. As ordinary income, reduction of the basis on the land, capital gains on sale of the "land", or something else?