Form 1099-PATR (Taxable Distributions Received From Cooperatives)

Per the IRS instructions, patronage dividends and other distributions in boxes 1,2,3, and 5 from a cooperative are reported on Schedule C, Schedule F, or Form 4835. You can refer to the recipient instructions for IRS Form 1099-PATR for additional information.

To enter the data on Schedule C or Schedule F:
  1. From within your TaxACT return (Online or Desktop), click on the Federal Q&A tab
  2. Click Business Income to expand the section, then select Farming Income or Loss or Business Income or Loss from a Sole Proprietorship, whichever is applicable to your situation
  3. The program will proceed with the interview questions for you to enter or review the appropriate information

To enter the data on Form 4835 for farm rental:

  1. From within your TaxACT return (Online or Desktop), click on the Federal Q&A tab
  2. Click Rent or Royalty Income to expand the section, then select Farm rental for crop shares
  3. The program will proceed with the interview questions for you to enter or review the appropriate information

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