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JohnB5677
March 15, 2021

 

If you have an entry in box 1, Patronage Dividends, and the amount is for personal use property or business use property in your business, then you DO NOT need to file it ANYWHERE. 

 

If you have an entry in box 2 or 3, it shows up on Schedule F, Profit or Loss from Farming: 

  1. Set up a farm in the Farm Income & Expenses
  2. Under Farm Income, choose Livestock, grain, produce, custom work, co-ops
  3. Put your info under Income from cooperative distributions (usually reported on Form 1099-PATR). 
  4. If you've got Federal withholding, the next screen asks for that info. 
  5. If there is an amount in box 6 of the 1099-PATR, go to Final Details at the bottom of your Farming Income Summary and choose Domestic Production Activities (DPA).  You can only deduct this if you have wage expense. 
  6. Choose a method for deducting your DPA. 
  7. When you're finished with your farming income, go to Business Deductions under Less Common Business Situations on the Let's gather your business info page.  There, you'll be able to adjust for any DPA not already entered.  

Post a 1099-PATR

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