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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???
‎April 1, 2025
2:31 PM