dkh
Level 15
04-03-2023
04:38 PM
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A few years ago everyone that had a mortgage with Farm Credit Mid America received a 1099-PATR. At that time, I researched whether it was taxable. The information I found was it was not taxable if it was paid based on a home mortgage and not an income producing property (ie poultry farm).
I will see if I can find my documentation that backed up that conclusion. Can't put my fingers on it at this moment.