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J
jimmytii
April 29, 2021
Question

Do I owe taxes on money received from a patronage filed on a 1099-PATR ?

  • April 29, 2021
  • 1 reply
  • 0 views
I received money from a Farm Credit Service where I borrowed money to purchase land. I received a 10099-PATR form and no taxes where taken out, do I have to enter this into my income and pay taxes on it?

1 reply

AmyC
AmyC
Employee
May 1, 2021

Yes. See Where do I enter Form 1099-PATR? for more information.

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