I mistakenly put the Alaska PFD in as business income on my 1040 and filed it . should I amend my return??

[LeeM · Accepted solution]

Yes, you should. As of now, you are being assessed a self-employment tax on that dividend when you should not be. So, you probably paid more tax than you should have.

You can find the directions to amend your return at the bottom of this answer below the instructions on how to enter that Alaskan Permanent Fund Dividend. Once you are in the amendment, you will want to remove that 1099 from the Business section by going back to that section and "deleting" then entering your PFD as below:

How to Enter Alaskan Permanent Fund Dividend

https://ttlc.intuit.com/replies/4000868

How to Amend Your Return

https://ttlc.intuit.com/replies/3288565