I received a 1099-misc with income in Box 3 (other income), but this is for a Retirement payout of Co-op Patronage Capital. Should this be a 1099-PATR?

[CarolC · Accepted solution]

Yes, generally if you received money from a cooperative then the information should be reported on 1099-PATR.  You could contact the payor and request an explanation as to why the income was reported on a 1099-Misc.

The cooperative income may be reported on a 1099-Misc if it is received as a result of your trade or business.