Instructions For Form 1099-Patr - 2000 printable pdf download

Instructions for Recipient

Box 4. Shows backup withholding. For example, persons who

have not furnished their taxpayer identification number to the

Distributions you received from a cooperative may be includible

payer become subject to backup withholding at a 31% rate on

in your income. Generally, if you are an individual, report any

certain payments. See Form W-9, Request for Taxpayer

amounts shown in boxes 1, 2, 3, and 5 as income, unless

Identification Number and Certification, for information on

nontaxable, on Schedule F (Form 1040), Profit or Loss From

backup withholding. Include this amount on your income tax

Farming; Schedule C (Form 1040), Profit or Loss From

return as tax withheld.

Business; Schedule C-EZ (Form 1040), Net Profit From

Box 5. Shows amounts you received when you redeemed

Business; or Form 4835, Farm Rental Income and Expenses.

nonqualified written notices of allocation and nonqualified

See the instructions for Schedule F (Form 1040) and Pub. 225,

per-unit retain allocations. Because these were not taxable when

Farmer’s Tax Guide, for more information.

issued to you, you must report the redemption as ordinary

Box 1. Shows patronage dividends paid to you during the year

income to the extent of the stated dollar value.

in cash, qualified written notices of allocation (at stated dollar

Boxes 6–8. These boxes and the box under boxes 8 and 9 may

value), or other property (not including nonqualified allocations).

show unused credits passed through to you by the cooperative.

Any of the dividends that were paid on (1) property bought for

Report these credits on the following forms: 3468—investment

personal use or (2) capital assets or depreciable property used in

credit; 5884—work opportunity credit; 8844—empowerment zone

your business are not taxable. However, if (2) applies, reduce the

employment credit; 8845—Indian employment credit;

basis of the assets by this amount.

8861—welfare-to-work credit. See the Form 1040 instructions for

Box 2. Shows nonpatronage distributions paid to you during the

information about where to report other credits.

year in cash, qualified written notices of allocation, or other

Box 9. Shows the alternative minimum tax (AMT) adjustment

property (not including nonqualified written notices of allocation).

passed through to you by the cooperative. Report this amount

Box 3. Shows per-unit retain allocations paid to you during the

on Form 6251 (for individuals) on the “Patron’s adjustment” line

year in cash, qualified per-unit retain certificates, or other

under “Other” in Part I, or on Form 4626 (for corporations) on

property.

the “Other adjustments” line.

Instructions For Form 1099-Patr - 2000

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