Get your taxes done using TurboTax
The amounts from your Form 1099-PATR are entered in the Farm Income section under 'Income from cooperative distributions (usually reported on Form 1099-PATR)'. See image below. They are also entered on the Form 8895 worksheet using TurboTax CD/Download version.
Specifically, on the 1099-PATR form, there are amounts entered in:
Box 1: Patronage Dividends - Include in Box labeled Total Income from Cooperative Distributions
Box 3: Per-unit retain allocations -Include in Box labeled Total Income from Cooperative Distributions
Box 7: Qualified Payments - DO NOT ENTER THIS AMOUNT
Box 8: Section 199A qualified Item - DO NOT ENTER THIS AMOUNT
Box 13: Specified Coop (checked) - DO NOT ENTER THIS AMOUNT
- Box 8 Note: Shows items received and reported in boxes 1, 2, 3, and 5 that may qualify as qualified items from trades or businesses that are not a specified service trade or business (SSTB) for purposes of the section 199A(a) deduction.
For your entry add Boxes 1 & 3 together and enter this combined amount. The Section 199A amount from Box 8, will be automated if you show a profit on the farm. If not, and because each piece of income becomes a component for Section 199A (qualified business income deduction or QBID), then this amount should be entered separately using the steps below.
- Select Forms (upper right in blue section) > Under Forms in My Return scroll to QBI Component Worksheet > Add the 1099-PATR income as shown in the image below.
