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1099-PATR Investment Property
I received Form 1099-PATR for a distribution from a Cooperative. This cooperative financed the mortgage on an investment property I purchased. The property has a home that I rent out as well as 30 acres of land that I use for both capital gain (timber sales, etc) and personal use (hunting, ATV riding, etc). My question is how do I report this income on my tax return? If I report under the Dividend section would it be considered Total Ordinary Dividend, Qualified Dividend, Capital Gain distribution, or something else ?
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ā€ˇFebruary 25, 2021
4:02 AM