Business, Legal & Accounting Glossary
Taxable Distributions Received From Cooperatives. This form is used with each person to whom a cooperative has paid at least $10 in patronage dividends and other distributions, or from whom any federal income tax under the backup withholding was withheld. The cooperative that is the payer is determined to be primarily engaged in the retail sale of goods or services that are usually for personal, living, or family use of the members.
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Definitions for 1099-PATR Form are sourced/syndicated and enhanced from:
This glossary post was last updated: 13th November, 2021 | 0 Views.