I received a letter from an agricultural coop stating that my share of a Section 199(a) deduction is $xxx dollars. Where do I specify this deduction on my return?
What IRS tax form number is referenced on the letter? For example, some lenders will send a letter instead of a 1098, and in the letter it clearly states something along the lines of "this information supplied in lieu of IRS Form 1098".
I assume the coop paid you some share income in 2016, and then also issued you a letter for the deduction, also in 2016. And you need to report the share income and the deduction on your 2016 tax return?
