Creating Form 1099-PATR
- Click on the Payer List button.
- Choose the appropriate Payer to create the Form 1099-PATR for.
- Click on the Recipient List button.
- Choose the appropriate Recipient to create Form 1099-PATR.
- Click on the Add Form button.
- Choose 1099-PATR from the Form Type drop down menu.
- Fill in the necessary fields on the form:
- Corrected: Check if this box applies.
- Patronage dividends: Enter the total patronage dividends.
- Non-patronage distributions: Enter the total non-patronage distributions paid.
- Per-unit retain allocations: Enter the total per-unit retain allocations paid.
- Federal income tax withheld: Enter backup withholding.
- Redemption of non-qualified notices and retail allocations: Enter all redemptions of non-qualified written notices.
- Domestic production activities deduction: Report the portion of the cooperative's QPAI that is deductible.
- Qualified payments: For specified agricultural and horticultural cooperatives only, enter the qualified payments paid to the patron.
- Investment credit: Enter amount of investment credit.
- Work opportunity credit: Enter amount of work opportunity credit.
- Patron's AMT adjustment: Enter full adjustment amount.
- Other credits and deductions: Report the patron's share of unused credits.
- Description of Box 11 credit or deduction: Enter description of credit or deduction.
- 2nd TIN Notice: Check this box if notified by the IRS twice within 3 calendar years that the recipient provided an incorrect TIN.
- Account Number: A number assigned to recipient by the payer. This field is optional except for the following cases:
- The recipient has multiple returns for the same return type.
- The returns are filed using the E-file Center.
- Click Save.