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:
- Click on the Federal Taxes tab
- Click
on Wages and Income
- Click
on "I'll choose what I work on"
- Scroll
down the Less Common Income
- 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.
