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 tab. On smaller devices, click in the upper left-hand corner, then choose Federal.
Click Business Income to expand the section, then choose Business Income or Loss from a Sole Proprietorship
Click Add to create a new copy of the form or click Review to review a form already created
Continue to the screen titled Business Income - Income and click Yes
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 tab. On smaller devices, click in the upper left-hand corner, then choose Federal.
Click Business Income to expand the section, then choose Farming Income or Loss
Click Add to create a new copy of the form or click Review to review a form already created
Continue to the screen titled Farm Income - Income and click Yes
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 tab. On smaller devices, click in the upper left-hand corner, then choose Federal.
Click Rent or Royalty Income to expand the section, then choose Farm rental for crop shares
Click Add to create a new copy of the form or click Review to review a form already created
Continue to the screen titled Farm Rental - Income and click Yes
Continue to the screen titled Farm Rental - Cooperative Distributions to enter the Form 1099-PATR amounts
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