Business & farm

When you say "You determine this number by taking the amount you received on the 1099-PATR and dividing it by the total amount of revenue you received", which revenue are you talking about? 

 

In my case, I received $32 on my 1099-PATR, which was a cotton gin dividend.  Is the revenue you are talking about just the total cotton income I received for that year, the total farm income or total income period?

 

Thanks,

Greg