Get 2017 Form 1099-patr. Taxable Distributions Received From Cooperatives

Filing the 2017 Form 1099-PATR is essential for reporting taxable distributions received from cooperatives. This guide provides clear instructions for users of all experience levels to accurately complete the form online.

Follow the steps to complete the form correctly.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter the payer's information, including name, address, and telephone number in the appropriate fields. Ensure spelling and formatting follow standard conventions.
3. Fill in the federal identification number of the payer and the recipient's identification number. If the recipient is an individual, ensure the complete identification number is recorded for IRS purposes.
4. Report the amounts in the relevant boxes. For box 1, document the patronage dividends paid during the year in cash or property. In box 2, list nonpatronage distributions, and include any per-unit retain allocations in box 3.
5. If applicable, input any federal income tax withheld in box 4. This amount refers to backup withholding if the taxpayer identification number was not provided.
6. Complete box 5 for any redemption of nonqualified notices and retain allocations, ensuring it is reported as ordinary income.
7. If eligible, fill in box 6 with the amount for the domestic production activities deduction. This should correspond to the total patronage dividends or per-unit retain allocations.
8. Report any investment credits in box 7 and work opportunity credits in box 8 as passed through from the cooperative.
9. Complete box 9 for alternative minimum tax adjustments as directed. Finally, document any other credits and deductions in box 10.
10. Review all entries for accuracy. Once satisfied with the information provided, save your changes, download the form, print it for your records, or share as required.

Complete your forms online efficiently and ensure timely reporting of taxable distributions.