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Form 1099-PATR Taxable Distributions Received from Cooperatives

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:
  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 Business Income or Loss from a Sole Proprietorship
  3. Click Review to review a form already created or click New to create a new copy of Schedule C
  4. Continue to the screen titled Business Income - Other Income to enter the Form 1099-PATR amounts
To enter the data on 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
  3. Click Review to review a form already created or click New to create a new copy of Schedule F
  4. Continue to the screen titled Farm Income - Cooperative Distributions to enter the Form 1099-PATR amounts

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. Click Review to review a form already created or click New to create a new copy of Form 4835
  4. Continue to the screen titled Farm Rental - Cooperative Distributions to enter the Form 1099-PATR amounts
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