So, i don't need to report 1099-PATR income?

[ryanbbarr]

i received $377.17 worth of dividends from carolina farm credit. IT is a under "taxable distributions received from cooperatives". This is privately owned land by me and I am not using it to make an income.

[NicoleU]

If the dividends in Box 1 of your 1099-PATR came from property purchased for personal use or capital assets/depreciable property used in your business, you do not have to enter your 1099-PATR. Keep it with your tax records.

Otherwise, Form 1099-PATR gets reported on Schedule F (Profit or Loss from Farming) in most cases.

In TurboTax, please do the following:

• Federal Taxes
• Wages & Income
• Other Business Situations, click Show more
• Farm Income and Farm Rental, click Start