I just received from a client a 1099 PATR with an amount in Box 5..no other boxes have amounts. Where do I enter this amount? 1099 directions are rather vague.
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Is this a farmer? The most common place to report income from a 1099-PATR is line 3 of Schedule F. But there might be other places to report it, depending on the taxpayer's circumstances (or perhaps not even reported at all, for some personal circumstances).
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yes, he is a farmer. This is from a partnership relationship in an ethanol plant to whom he contracts corn. I am used to the "normal" PATR but this one threw me. The PaTR directions give a code section to refer to that I can not seem to locate to read about it.Comment
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Hopefully this can help: https://www.law.cornell.edu/uscode/text/26/1382Uncle Sam, CPA, EA. ARA, NTPI FellowComment
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