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Where do you enter income from a cooperative from 1099-PATR? The instructions are not correct.

 
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1 Reply
DaveF1006
Expert Alumni

Where do you enter income from a cooperative from 1099-PATR? The instructions are not correct.

If the dividends in box 1 of your 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. Keep it with your tax records, though.

 

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

 

  1. Open (continue) your return in TurboTax
  2. Go to Federal
  3. Wages and income
  4. Rentals, Royalties, and Farm
  5. Farm Income and Farm Rental
  6. Follow the instructions to enter info about your farm
  7. After you enter information about your farm profile, you will reach a screen that says  Your Farming Income and Expenses, you will enter your 1099-PATR info in Livestock, grain, produce, custom work, co-ops

 

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