What is IRS Form 1099-PATR?
158 views | Last modified 10/16/2023 8:28:01 AM EST | Added by TaxBandits Team

Applicable To
94X 1099 W-2 ACA W-4

Form 1099-PATR is an annual IRS tax return filed by the cooperatives of business for each person if:

  • They paid the person at least $10 in patronage dividends and other distributions mentioned in section 6044(b). 
  • If they withheld any federal income tax under the backup withholding rules from the person, irrespective of the payment amount.

The individual for whom Form 1099-PATR is filed must receive a copy of the return from the cooperatives, as the distributions they receive from the cooperatives might be included in their taxable income.

Was this helpful? Yes No

Sign Up for a
FREE TaxBandits Account!

Register Now

Returning User? Sign in

Couldn't find what you
are looking for?

Contact Us

(704) 684-4751 support@taxbandits.com