Main
Utilities
About
Leadership
Community Involvement
Donations and Sponsorship
Member Applications & Forms
Agronomy
Ag Technology
Crop Protection
Fertility Solutions
Agronomy News
Agronomy Contacts
Agronomy Internships
Soil Health
Plot Tour
Grain
Grain Merchandising
Grain Contracts
Cash Bids
Market News
Futures
Grain Locations
Energy
Propane
Bulk Petroleum
Total Protection Plan
Resources/Safety
Propane Refill Form
Propane Quote Form
Fuel Quote Form
Energy Staff
Country Stores
Pet Food
Bird Food
Livestock Feed
Hardware
Lawn and Garden
Country Store News
Pet Groomer
C-Stores
Rewards
Specials
Lifestyle Feed
Whats Up Wednesday
Lifestyle Feed News
Partnered Brands
Lifestyle Feed Team
Customer Login
CP Feeds
News
Careers
Locations
Contact Us
Search for:
facebook-icon
twitter-icon
instagram-icon
News
CP Feeds
Customer Login
Careers
Locations
Contact Us
Country Visions News
>
1099 Patron Tax Form for Patronage Paid in 2022
1099 Patron Tax Form for Patronage Paid in 2022
Feb 08, 2023
Print
Share
Facebook
Twitter
Email
Recently, 1099-PATR forms were mailed to all members who received patronage paid to them in April 2022. This patronage distribution was for your purchases from our fiscal year September 2020 to August 2021.
Several people have had questions about the form. This addiitonal information may help answer the most frequently asked questions.
The dollar amount on your 1099 form is your full, 100% patronage dividend distribution
. You received a check for 40% of this amount (100% if you are age 70 or older) and the other 60% remains as your equity in Country Visions Co-op. All members must meet the $2,500.00 of required permanent equity and amounts exceeding that may eventually qualify for payout as revolved equity. We are currently on a 10-year revolvement of qualified equities.
The members who have to claim the amount on the 1099 form as taxable income are those members who use what they purchase as a deduction on their income tax return, such as farmers, salespeople and businesses. For all others this is nontaxable income. Generally speaking, if what you bought was claimed as an expense, then what you got back is claimed as income.
Please consult your tax advisor regarding your particular tax situation.
The Cooperatives Board of Directors and employees thank you for past and continued business.
Read More News
March Statement Advertising Insert
Mar 07, 2023
News & Notes include opportunities for Scholarships and Careers. Find out about specials, promotions and events planned for March in this month's advertising flyer.
February Statement Advertising Insert
Feb 02, 2023
We are happy to announce that scholarships will once again be offered for this year's high school graduating class.CP Feeds and Country Visions partner to award 33 - $1,000 scholarships to...
January Statement Advertising Insert
Jan 05, 2023
Happy New Year! Let's welcome the year 2023 and celebrate a new start! Let the Celebration begin! Country Visions Cooperative is celebrating an important milestone in 2023 – 100 years as...