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

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File Form 1099-PATR, Taxable Distributions Received From Cooperatives, for each person to whom the cooperative has paid at least $10 in patronage dividends and other distributions described in section 6044(b), or from whom you withheld any federal income tax under the backup withholding rules regardless of the amount ...

Report any amounts shown in boxes 1, 2, 3, and 5 as income, on Schedule F, Schedule C, or Form 4835 (Farm Rental Income and Expenses)....To report Farm Rental Income, go to: Federal Section. Income - Select My Forms. Less Common Income. Farm Rental Income and Expenses Form 4835.

The 1099-PATR income should be shown as Other Income reported on Form 1040, Schedule 1, Part I, Line 8z. You should report it as “1099-PATR profits from” your co-op and list the co-op's Taxpayer Identification Number (TIN).

Inside TurboTax, search for 1099-PATR (be sure to include the dash) and then select the Jump to link in the search results. Follow the instructions to enter info about your farm. When you get to Your Farming Income and Expenses, you will enter your 1099-PATR info in Livestock, grain, produce, custom work, co-ops.

Taxing Patronage Dividends Tax treatment is another way patronage dividends are different. Shareholders who receive corporate dividends pay taxes on the dividends as ordinary income. However, co-op members normally do not pay taxes on most patronage dividends.

Box 3. For individuals, unless nontaxable, report on the activity associated with the 1099-PATR: Screen 16 for Schedule C. Screen 19 for Schedule F or Form 4835.

The amount from box 6 of the 1099-PATR is reported on Line 23 of the 8903 which will flow to Schedule 1 as an adjustment to income. QBI calculation needs to be adjusted on the appropriate entity the co-op income is reported on as the income that generates the DPAD cannot also be used for QBI.

If you have an amount in Box 6, report the income on Form 8903, Domestic Production Activities Deduction....You report this by going to: Federal Section. Income - Select My Forms. Profit or Loss From Business Schedule C. Income. Other Income - From sources other than work or sales.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232