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Level 2
February 26, 2025
Question

Turbotax doesn't find 1099-PATR or 1099-patr - Co-op Equity Redemption

 

I am using 2024 Turbotax desktop Home and Business and it doesn't find 1099-PATR or 1099-patr form.  I did a form search in Turbotax and it couldn't find it either.

 

I received a Co-op Equity Redemption (just a small check) and based on past posts you would use 1099-PATR to report on taxes.  I looked at all of the farm income choices and it doesn't give me the option to enter co-op equity redemption.

 

When I hit the Search or Help it just sits and spins and spins .... and never gets comes up.  So I can't get to a link to the form that way either.

 

Thank you for your help with this!

 

  

 

 

 

 

2 replies

PatriciaV
Alumni - Intuit
February 26, 2025

According to the IRS, income on Form 1099-PATR Box 5 should be reported as ordinary income.

 

Since TurboTax does not have an interview set up for this particular form/income combination, you will need to enter this in TurboTax Home & Business under Personal >> Personal Income >> Less Common Income >> Miscellaneous Income >> Other Reportable Income. 

 

Using this entry point, the amount from Box 5 will appear on Schedule 1 Line 8(z) with the description you enter.

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Ladyred00Author
Level 2
February 27, 2025

 

Thank you so much for your response!