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Business & farm
From the TurboTax FAQ, perhaps the following will assist you:
TurboTax FAQ
Where do I enter Form 1099-PATR?
by TurboTax•2336•Updated 2 weeks ago
Most often, your Form 1099-PATR reports dividends associated with a farm or cooperative (co-op). You can also receive a 1099-PATR for other reasons (for example, a land bank mortgage or backup withholdings made on your behalf).
Tip: If the dividends in box 1 of your 1099-PATR came from property purchased for personal use (or capital assets or depreciable property used in your business), you don't have to enter your 1099-PATR. Keep it with your tax records, though.
To enter a 1099-PATR for farm or co-op dividends:
- Open (continue) your return in TurboTax
- Inside TurboTax, search for 1099-PATR (be sure to include the dash) and then select the Jump to link in the search results
- Follow the instructions to enter info about your farm
- When you get to Your Farming Income and Expenses, you will enter your 1099-PATR info in Livestock, grain, produce, custom work, co-ops
If your 1099-PATR isn't for farm or co-op dividends, it gets entered as general business income:
- Open (continue) your return in TurboTax
- Inside TurboTax, search for business (schedule c) (use this exact phrase) and then select the Jump to link in the search results
- When asked Did you have any self-employment income or expenses? answer Yes
- If you'd previously entered self-employed income, you'll come to Your 2022 self-employed work summary. Select Add another line of work to enter information about your farm
- Follow the instructions to enter info about your farm
- When you get to Let's enter the income for your (type of farming) work, select Other self-employed income and Continue
- Enter the information from your 1099-PATR on the Tell us about other self-employed income screen
Related Information:
- Do I need to enter ESPP transactions?
- Where do I enter my HSA contribution?
- Where do I enter a 1099-B?
- What is depreciation?
While I acknowledge this does not answer your specific question, I hope it leads you in the right direction.
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