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posted Apr 4, 2023 1:54:53 PM

My 1099-PATR has both box 1 Patronage dividends and box 5 Redeemed nonqualified notices filled in. Which number do I use for taxable income?

109-PATR is from a financial institution that holds my mortgage.  Trying to enter the amount under 'other taxable income'.

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1 Replies
Level 7
Apr 4, 2023 5:18:10 PM

According to the IRS, box 5 Redeemed nonqualified notices should contain ordinary income. To enter your 1099-PATR: Open TurboTax > Wages & Income > Less Common Income > Miscellaneous Income > Other Reportable Income.