Where do I enter my 1099-patr

Peachgrass3
Peachgrass3 Member Posts: 1 Newcomer
in Income

I have a 1099-patr. I don’t see a section of where to enter it.

Answers

  • RyanZ
    RyanZ FreeTaxUSA Agent Posts: 80 image

    Taxable Distributions Received From Cooperatives (Form 1099-PATR)

    For Business Income (Schedule C):
    Menu Path: Income > Business Income > Business Income (Schedule C)
    -or-
    For Farm Income (Schedule F):
    Menu Path: Income > Business Income > Farm Income (Schedule F)

    If a cooperative has paid at least $10 in patronage dividends and other distributions to you, you should receive a Form 1099-PATR.

    If the patronage dividends and other distributions you received are related to your business income, you can report this on your Schedule C where we ask for Miscellaneous Income on the Other Income and Returns Expense screen.

    If the patronage dividends and other distributions you received are related to your farming income, you can report this on your Schedule F where we ask for Cooperative Distributions in the Income section of your Schedule F.

  • AnonWhenPossible
    AnonWhenPossible Member Posts: 1 Newcomer

    I receive a 1099-PATR from my gas supplier for a small amount of patronage dividends, but I only receive gas to my rural home - I am not participating in farming or other forms of business. Where/how should I file the 1099-PATR in this case?

  • MatthewD
    MatthewD FreeTaxUSA Admin, FreeTaxUSA Agent Posts: 811 image
    Hi AnonWhenPossible,

    If a cooperative has paid at least $10 in patronage dividends and other distributions to you, you should receive a Form 1099-PATR.

    If the patronage dividends and other distributions you received are related to your farming income, you can report this on your Schedule F where we ask for Cooperative Distributions.

    If it is not related to a farm, report it as Business Income on a Schedule C under gross receipts NOT reported on a 1099.

Categories