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Where do i record my childs 1099-misc - ak permanent fund dividend

 
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NancyG
New Member

Where do i record my childs 1099-misc - ak permanent fund dividend

What if my child received the Alaska Permanent Fund Dividend?

The Alaska Permanent Fund Dividend is unearned income.  If a child's unearned income (interest, dividends and capital gain distributions) is greater than $1,050, a return needs to be filed. The child can file their own return to report the income.  

If the child's only income is unearned and less than $10,500, that income can be reported on their parents' tax return. 

Follow these steps to add your child's income to your return: 

  1. Click on the Federal Taxes tab
  2. Click on Wages and Income 
  3. Click on "I'll choose what I work on" 
  4. Scroll down the Less Common Income 
  5. Click on the Start button next to Child's Income (under Age 24).  

Answer the questions and TurboTax will fill out Form 8814 that shows the child's income. 

 

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