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:
- From within your TaxACT return (Online or Desktop), click on the Federal Q&A tab
- 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
- 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:
- From within your TaxACT return (Online or Desktop), click on the Federal Q&A tab
- Click Rent or Royalty Income to expand the section, then select Farm rental for crop shares
- The program will proceed with the interview questions for you to enter or review the appropriate information
Site Map | Privacy Policy | Security | Careers | Affiliates
Follow: