The IRS has posted a draft version of instructions for Form 1099-PATR, “Taxable Distributions Received From Cooperatives,” proposed for 2019.
The draft instructions for Form 1099-PATR [PDF 171 KB] have a “watermark” date of November 1, 2018, and include cautionary language that these instructions are not to be relied upon for filing purposes, and are subject to change and to OMB approval before being officially released.
The draft instructions reflect that a new item for 2019 is that, for specified agricultural and horticultural cooperatives, qualified payments paid to the patron will be reported in new box 7, “Qualified Payments.”
For more information, contact KPMG’s National Director of Cooperative Tax Services:
David Antoni | +1 (267) 256-1627 | firstname.lastname@example.org
Or Associate National Director of KPMG’s Cooperative Tax Services:
Brett Huston | +1 (916) 554-1654 | email@example.com
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