A child's Alaska PFD needs to be reported, even if it was their only source of income in 2019.
If your child's total income was exclusively unearned (meaning the Alaska PFD, plus interest, dividends, or capital gains distributions—no wages or other income earned by working) and was less than $11,000, you can either report their PFD on your return or your child can report it on their own return.
Otherwise, if your child's unearned income (including the Alaska PFD) is $11,000 or more, they must file their own return.
Follow these steps if you want to include your child's PFD on your return:
- Select the Federal tab.
- Select Wages & Income.
- On the Your income summary screen, scroll down to Less Common Income and select Show more.
- Select Start next to Child's Income (Under Age 24).
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