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If the letter from the co-op reports dividends associated with a farm or cooperative, these would be entered as though they were reported on a 1099-PATR. If the information in the letter is dividends from property purchased for personal use, then you don't need to report anything.
To report dividends from a co-op:
I guess I should explain a little more. The letter is for crops I sold at the coop. It is technically income but I don’t work regularly on the farm or anything.
Yes, this is income that should be reported on your return. If you don't own the farm or work on it, I would report this as hobby income because this is something you enjoy but don't intend to make a living at it. To report.
If this is a business for you and if you intend to make money, you will need to file a Self-Employment tax return if this business is a growing concern.
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