Form 1099-PATR - Taxable Distributions Received from Cooperatives
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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:
From within your TaxACT return (Online or Desktop), click on the Federal Q&A tab
Click Business Income to expand the section, then select Business Income or Loss from a Sole Proprietorship
Click Review to review a form already created or click New to create a new copy of Schedule C
Continue to the screen titled Business Income - Other Income to enter the Form 1099-PATR amounts
To enter the data on 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
Click Review to review a form already created or click New to create a new copy of Schedule F
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:
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
Click Review to review a form already created or click New to create a new copy of Form 4835
Continue to the screen titled Farm Rental - Cooperative Distributions to enter the Form 1099-PATR amounts
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