oakpond
New Member

Form 1099-PATR Box 5

I have entered Box 1 Patronage dividends on my Farm Expenses 'Income from coop distributions, '  but i don't know whether i'm supposed to add the amount in Box 5 to the amount in Box 1 and report the sum in as "Total Income from Cooperative Distributions?" report it somewhere else? Also, is all of this taxable???