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Form 1099-Patr

deb514
Level 3

Hello.

Form 1099-PATR has amounts in Box 1 - Patronage Dividends and Box 5 - Redeemed nonqualified notices.  Are both of these amounts taxable or is Box 5 included in the amount in Box 1.  I have not encountered this before so looking for advice.

Thank you in advance!

Deb

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