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1099-Patr - Patronage dividend received from a cooperative

Mike12321
Level 4

Client received a form 1099-Patr for his sch C business.

This is a rebate on inventory purchased.

Where does it get entered?

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1 Best Answer

Accepted Solutions
sjrcpa
Level 15

Other income Line on Schedule C.

Or reduce the Inventory cost.


The more I know the more I don’t know.

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1 Comment 1
sjrcpa
Level 15

Other income Line on Schedule C.

Or reduce the Inventory cost.


The more I know the more I don’t know.