1099-PATR boxes 7 and 8 amounts

[krauter]

How or where do I enter the amounts in box 7 and box 8 on my 1099-PATR ?

[MayaD]

Cooperatives file Form 1099-PATR for each person:

• To whom the they paid at least $10 in patronage dividends and other distributions described in section 6044(b).
• From whom they withheld any federal income tax under the backup withholding rules regardless of the amount of the payment. About Form 1099-PATR

For information on where to enter form 1099-PATR in TurboTax please check Where do I enter Form 1099-PATR?

[krauter]

I know what the numbers in box 7 and 8 are from but where do I enter those amounts into Turbo Tax 

[ColeenD3]

Please see this answer from DianeW777.

The amounts from your Form 1099-PATR are entered in the Farm Income section under 'Income from cooperative distributions (usually reported on Form 1099-PATR)'. See the image below. They are also entered on the Form 8895 worksheet using TurboTax CD/Download version.

Specifically, on the 1099-PATR form, there are amounts entered in:

Box 1:  Patronage Dividends - Include in Box labeled Total Income from Cooperative Distributions

Box 3:  Per-unit retain allocations -Include in Box labeled Total Income from Cooperative Distributions

Box 7:  Qualified Payments - DO NOT ENTER THIS AMOUNT 

Box 8:  Section 199A qualified Item - DO NOT ENTER THIS AMOUNT

Box 13:  Specified Coop (checked) - DO NOT ENTER THIS AMOUNT

• Box 8 Note: Shows items received and reported in boxes 1, 2, 3, and 5 that may qualify as qualified items from trades or businesses that are not a specified service trade or business (SSTB) for purposes of the section 199A(a) deduction.

For your entry add Boxes 1 & 3 together and enter this combined amount.  The Section 199A amount from Box 8, will be automated if you show a profit on the farm.  If not, and because each piece of income becomes a component for Section 199A (qualified business income deduction or QBID), then this amount should be entered separately using the steps below.

• Select Forms (upper right in blue section) > Under Forms in My Return scroll to QBI Component Worksheet > Add the 1099-PATR income as shown in the image below.

Screenshot at the bottom of this link.