Co-0p dividend
ProSerieshandling of Co-0p dividend
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03/03/11 8:19am PST
Viewed by asker 03/04/11 6:23am PST
Viewed by asker 03/04/11 6:23am PST
2 Replies
03/03/11 9:22am PST
What kind of co-op? If it's a consumer purchasing organization such as a food market or REI, the dividend is simply a reduction of the cost of purchases and has not tax implication. If it's business-related, the dividend would reduce the deduction for whatever category of purchases the business made.
Larry Hess, CPA | Albuquerque, NM
Mt Juliet CPA
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Questions answered: 13754
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03/03/11 9:32am PST
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In several cases Co_op dividends are reported on Schedule F either under Copperative Distributions (ie 1099-PATR) or othyer Income on Schedule F not reported on Form 1099. You can also receive some of them on Form 1099-Misc which you can link to Schedule F
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