Where do I enter my 1099-patr

Options
Peachgrass3
Peachgrass3 Member Newcomer
in Income

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

· Share on Twitter

Answers

  • RyanZ
    RyanZ FreeTaxUSA Agent
    Options

    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.

    · Share on Twitter

Categories