Entering Form 1099-PATR in Lacerte

Below you will find how to enter amounts reported on Form 1099-PATR, pertaining to Domestic Production Activities Tax Deduction for cooperatives, in Lacerte. Refer to the IRS Instructions for Form 1099-PATR for more information.

Table of contents:

Box 1

Per the form instructions:

"Generally, if you are an individual, report any amounts shown in boxes 1, 2, 3, and 5 as ordinary income, unless nontaxable, on your income tax return. You must report any redemptions in boxes 2 and 5 as ordinary income to the extent of the stated dollar value because they were not taxable when issued to you."

For individuals, unless nontaxable, report on the activity associated with the 1099-PATR:

• Screen 16 for Schedule C
• Screen 19 for Schedule F or Form 4835

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Box 2

Per the form instructions:

"Generally, if you are an individual, report any amounts shown in boxes 1, 2, 3, and 5 as ordinary income, unless nontaxable, on your income tax return. You must report any redemptions in boxes 2 and 5 as ordinary income to the extent of the stated dollar value because they were not taxable when issued to you."

For individuals, unless nontaxable, report on the activity associated with the 1099-PATR:

• Screen 16 for Schedule C
• Screen 19 for Schedule F or Form 4835

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Box 3

Per the form instructions:

"Generally, if you are an individual, report any amounts shown in boxes 1, 2, 3, and 5 as ordinary income, unless nontaxable, on your income tax return. You must report any redemptions in boxes 2 and 5 as ordinary income to the extent of the stated dollar value because they were not taxable when issued to you."

For individuals, unless nontaxable, report on the activity associated with the 1099-PATR:

• Screen 16 for Schedule C
• Screen 19 for Schedule F or Form 4835

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Box 4

How to enter for an individual:

1. Go to Screen 14.1, SS Benefits, Alimony, Miscellaneous Inc.
2. Scroll down to the Tax Withheld section.
3. Enter the amount in Federal income tax withheld [A].

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How to enter for a partnership:

1. Go to Screen 22, Other Schedule K Items.
2. Scroll down to the Credits section.
3. For the Other credits (Ctrl+E) field, select Code O=Backup withholding.
4. Enter the applicable amount(s).
   • This will appear on line 15f of the Schedule K/K-1 (1065).
5. Click OK.

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How to enter for an S-Corporation:

1. Go to Screen 26, Credits.
2. Select Schedule K Credits from left navigation panel.
3. Scroll down to the Other Credits - Sch K Lns 12 and 13 section.
   • You may also select this from the lower-left Sections list. You may have to scroll down to the bottom of the list.
4. For the Other credits (Ctrl+E) field, select Code O=Backup withholding.
5. Enter the applicable amount(s).
   • This will appear on line 13g of the Schedule K/K-1 (1120-S).
6. Click OK.

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Box 5

Per the form instructions:

"Generally, if you are an individual, report any amounts shown in boxes 1, 2, 3, and 5 as ordinary income, unless nontaxable, on your income tax return. You must report any redemptions in boxes 2 and 5 as ordinary income to the extent of the stated dollar value because they were not taxable when issued to you."

For individuals, unless nontaxable, report on the activity associated with the 1099-PATR:

• Screen 16 for Schedule C
• Screen 19 for Schedule F or Form 4835

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Boxes 6, 7, 8, and 9

Individual module - Scroll down to the Qualified Business Income Deduction section of Screen 16, Business Income (Sch. C) or Screen 19, Farm Income (Sch. F, Form 3845) and enter any adjustments to this activity’s QBI for the income received from a cooperative.

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Boxes 10, 11, and 12

Corporate module - Your entry will depend on the credit or deduction shown. Go to Screen 28, General Business Credits (3800) and enter the amount in the appropriate field.

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Related topics

• Where to enter amounts from Form 1098 and 1099 in Lacerte