Rancho Cucamonga California Form 1099-PATR 2023-2025

Rancho Cucamonga California Form 1099-PATR: What You Should Know

Why Do I Need to File a 1099-PATR? There are two reasons why you would need to file a 1099-PATR in the 2025 tax year. First, you may want to find out some of your co-op's income to figure out if you are eligible for a Section 199A deduction, and if not, whether you need to deduct business expenses or other business income. If your income includes taxable distributions of dividends and other earnings from the cooperative, or if your dividend and other earnings exceed the threshold for your cooperative to report that income, a 1099-PATR is especially important. Secondly, there is a special 1099-PATR report for cooperative distributions to non-employees who are not employees. Where Do I File a 1099-PATR? If you receive business income from your cooperative, you will need to file a 1099-PATR. Do not sign, file, or pay any return in advance. If you want a copy of your 2025 Form 1099-PATR, you can get it by calling (or by clicking “Request Form” on our site). If you don't think you need a 1099-PATR, you can use any return for the previous year unless you made a mistake and forgot to enter that return on the 1099-PATR screen, then that is OK, as long as you file a corrected return with updated information (a “forgot Form” is not a valid reason for not filing the return). What Income Can I Include in My 1099-PATR? The income that you receive for your participation in the cooperative is limited to the amount of patronage dividends received by the cooperative from any of your co-ops within the same calendar year (10,000 from the 2025 Form 990 is one example). The IRS limits the amount of dividends you can use in calculating your deduction to the difference between the minimum amount you actually receive and this maximum amount. Does my 1099-PATR have to come from my Form 990? No, it is fine to report income that comes from other kinds of reports such as Form 990, Schedule C, or Schedule D (see Taxable Distributions), although, it is not required.

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