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kitty-wilcox
April 4, 2023
Question

My 1099-PATR has both box 1 Patronage dividends and box 5 Redeemed nonqualified notices filled in. Which number do I use for taxable income?

  • April 4, 2023
  • 1 reply
  • 0 views
109-PATR is from a financial institution that holds my mortgage.  Trying to enter the amount under 'other taxable income'.

1 reply

S
ShirlynW
April 5, 2023

According to the IRS, box 5 Redeemed nonqualified notices should contain ordinary income. To enter your 1099-PATR: Open TurboTax > Wages & Income > Less Common Income > Miscellaneous Income > Other Reportable Income.

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