I have a 1099-PATR from an Ag Co-op with entries in Box 1, 5, and 12. Turbo Tax (Home and Business) provides instruction to enter "Total dividend and taxable dividend" on Line 2 of Form 4835. Turbo Tax does not provide any guidance with how to handle specific boxes on 1099-PATR. From internet searches to other sources, I have determined that box 1 and 5 are taxable dividends, while box 12 is a credit that can be subtracted from the taxable amount. Can Turbo Tax advise the proper way to handle these 3 boxes on my return?
