Patronage check from mortgage company

[JMH351]

I got a patronage check from my mortgage company this past year, but I never received a 1099-PATR from them for it.  Do I need to report this?  And if I do, where do I report that? 

[FangxiaL]

Here is what I found:

If the dividends in box 1 of your Form 1099-PATR came from property purchased for personal use (or capital assets or depreciable property used in your business), you don't have to enter your 1099-PATR on your tax return. Keep it with your tax records. Here is the screenshot with the info from above:

[JMH351]

I did not get a 1099-PATR for this check I received, so I have no idea what values are in what box of a 1099 form.

[FangxiaL]

If I were you, I would ignore it on my taxes. You may reach out to the mortgage company to see if you should expect a Form 1099-PATR from the mortgage company.

[JMH351]

Ok, I did get a 1099-PATR from the mortgage company, so the question is where do I report it?  The tip from turbo tax says if it's not from a coop, it get entered as general business income, but where?  There's some 1099 spots, but it's 1099-G, 1099-NEC, 1099-misc, and 1099-K, those are under farm income.  Technically this is from the mortgage company I have the farm land through, so I would think it should be reported as farm income.

[PattiF]

To report the 1099-PATR as farm income, follow these steps:

To enter a 1099-PATR for farm or co-op dividends:

1. Open (continue) your return in TurboTax.
2. Inside TurboTax, search for 1099-PATR (be sure to include the dash) and then select the Jump to link in the search results.
3. Follow the instructions to enter info about your farm.
4. When you get to Your Farming Income and Expenses, you will enter your 1099-PATR info in Livestock, grain, produce, custom work, co-ops.

[JMH351]

This income is not from any of those sources, plus I already have one listed from the sale of grain and it doesn't allow me to split it up, I'd have to add the totals up and put in 1 sum.  Doesn't seem right.

[DianeW777]

It depends.  You do not have to add the totals from both forms 1099-PATR. There is an option to 'Add Another Government Payment' (a second Form 1099-PATR) or you could choose to use 'Other farm income'. Either way would include the income on your return and that is what's most important.  See the image below for assistance.