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A cooperative files Form 1099-PATR Taxable Distributions Received From Cooperatives for each person paid at least $10 in dividends and other distributions.

Patronage dividends and other distributions in Boxes 1, 2, 3, and 5 from a cooperative are reported on Schedule C (Form 1040) Profit or Loss From Business, Schedule F (Form 1040) Profit or Loss From Farming, or Form 4835 Farm Rental Income and Expenses. See Statements to Recipients in the IRS Instructions for Form 1099-PATR for additional information.

To enter the data on Schedule C (Form 1040):

  1. From within your TaxAct return (Online or Desktop), click Federal. On smaller devices, click in the upper left-hand corner, then click Federal.
  2. Click Business Income in the Federal Quick Q&A Topics menu to expand, then click Business income or loss from a sole proprietorship.
  3. Click + Add Schedule C to create a new copy of the form or click Edit to review a form already created.
  4. Continue with the interview process to enter all of the appropriate information.
  5. On the screen titled We need to know if Taxpayer/Spouse received any of these for their work in 2020, click the Other Income box, then click Continue.
  6. On the screen titled Business Income - Other Income, enter the Form 1099-PATR amounts for the Other income, then click Continue.

To enter the data on Schedule F (Form 1040):

  1. From within your TaxAct return (Online or Desktop), click Federal. On smaller devices, click in the upper left-hand corner, then click Federal.
  2. Click Business Income in the Federal Quick Q&A Topics menu to expand, then click Farming income or loss.
  3. Click + Add Schedule F to create a new copy of the form or click Edit to review a form already created.
  4. Continue with the interview process to enter all of the appropriate information.
  5. On the screen titled Farm Income - Income, click Yes.
  6. On the screen titled Farm Income - Cooperative Distributions, enter the Form 1099-PATR amounts, then click Continue.

To enter the data on Form 4835 for farm rental:

  1. From within your TaxAct return (Online or Desktop), click Federal. On smaller devices, click in the upper left-hand corner, then click Federal.
  2. Click Rent or Royalty Income in the Federal Quick Q&A Topics menu to expand, then click Farm rental for crop shares.
  3. Click + Add Form 4835 to create a new copy of the form or click Edit to review a form already created.
  4. On the screen titled Farm Rental - Income, click Yes.
  5. On the screen titled Farm Rental - Cooperative Distributions, enter the Form 1099-PATR amounts, then click Continue.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.


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