This is my family's first year claiming the PFD Credit since living in Alaska. We all claimed it and received it. Myself, my wife, and our child who is under 19. I know that we all should receive 1099-DIVs or 1099-MISCs for this. The amount per person was $3284. My question is if I claim our child's 1099 on our joint tax return how will it affect our normal tax return or or the credits that are normally applied. I know that the amount of $3284 surpasses the limit for unearned income for our child for which we would not have to claim it. I've been reading around on here for similar posts, and I may have already read the answer but I wanted to clarify my question to hopefully get a more concrete answer. I'm fairly certain that we normally get the EITC and a Dependent/Child Tax credit when we file. Naturally if we file a separate return for our child then I we cannot claim the dependent credit, however if we just file their 1099 on our taxes will it still have a similar effect. With the economy the way that it is, I wanna make sure that our taxes are done correctly, but also that my family gets back what we are owed, and are taken care of. Hopefully I didn't muddle up the question with extra context. Thanks!
