What is the difference in total income from cooperative distributions and taxable income from cooperative distributions on form 4835 farm rental income

[flash_681]

Turbo Tax asks for amounts for both but the document I have doesn't use the same language.

[Cattlerancher]

What form (document) are you trying to enter? 1099-PART? 1099-G? And why did you receive the income?

[Cattlerancher · Accepted solution]

The reason there are two separate lines of entry for your 1099-PATR is because some of the income reported on a 1099-PATR may not be taxable income to you. The taxable portion of a 1099-PATR depends on the products you bought from the co-op,---if they were bought to operate a business or rental. If what you bought was for either of the two (business or rental), you must report it as taxable income. So if everything you bought from the co-op was for personal use, you would enter the total amount in the total income line but with a $0 in the taxable income line.