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 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