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1099-PATR

Hello, I received a 1099-PATR because I borrow money from a co-op for a tractor and I get dividends every year from them, but I don't have a farm or a business.  I use it for personal use (not to make a profit) around my 4 acres of land doing various activities (pulling trees out, splitting wood, cleaning the pasture and manure from the horses I own, plowing the driveway, brush cutting, etc.).  How do I report this in Turbo Tax Deluxe Desktop Windows Version.  Thank you so much in advance!

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1 Reply
MinhT1
Employee Tax Expert

1099-PATR

As the dividends reported on your form 1099-PATR came from property purchased for personal use, you don't have to enter your 1099-PATR on your tax return. Just keep it in your tax records.

 

Please read this TurboTax Help article for more information.

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