turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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'.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

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?

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies