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Form 1099-PATR

Form 1099-PATR is an important form that reports the cooperative and business income of taxpayers’ tax returns during a particular tax year. Taxpayers would receive Form 1099-PATR if, in the previous year were paid at least $10 in patronage dividends and other distributions by a cooperative as described in the Internal Revenue Code (IRS). The IRS requires that all income, deductible, penalties, or expenses are reported by businesses and individuals.

Distributions from cooperatives passed through to their patrons including any domestic production, activities, deduction, and certain pass-through credits. 1099-PATR forms must be mailed to recipients by February 15 and e-filed with the IRS by March 31 each year.

How to File Form 1099-PATR?

Information required to file Form 1099-PATR:

Taxpayer’s (PAYER/RECIEPIENT) information
Account number
Dividends and credit information
Deductions

Patronage dividends and other distributions are reported on Schedule C Form 1040 this form is used to report profits or losses from the business. Schedule F Form 1040 reports profits or losses from Farmers, Form 4835 is used for Farm Rental Income and Expenses.

Filer Instructions

Box 1: Patronage Dividends
Box 2: Nonpatronage Distributions
Box 3: Per-Unit Retain Allocations
Box 4: Federal Income Tax Withheld
Box 5: Redeemed Nonqualified Notices

Box 6: Section 199A(g) Deduction
Box 7: Qualified Payments
Box 8: Section 199A(a) Qualified Items
Box 9: Section 199A(a) SSTB Items
Box 10: Investment Credit

Box 11: Work Opportunity Credit
Box 12: Other Credits and Deductions
Box 13: Specified Cooperatives

Who can use Form 1099-PATR?

Cooperatives file form 1099-PATR, for taxable distributions received for each person to whom the cooperative has paid at least $10 in patronage dividends and other distributions described in section 6044(b) or from whom the filer withheld any federal income tax under the backup withholding rules regardless of the amount of the payment.

Form 1099-PATR is often used to

Report dividends associated with farms.
Show the taxpayer’s share of the deduction
File federal income tax withheld in connection with a cooperative.

Form 1099-PATR obtains three copies of the form the first copy will be for the IRS the second copy is for the recipient and the last copy is for the payer. Tax2efile is equipped to help you handle numerous filing requirements and we will be happy to help you do your filling. We also offer printing and mailing services to complete the process for you.

Form 1099-PATR deadlines

Filing Type	Deadline
Recipient Copy	January 31
IRS Paper Filing	February 28
IRS Electronic Filing	March 31

Note: If the due date/deadline falls on a Saturday, Sunday, or federal holiday, the filer will need to E-file on the next business day.

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