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Does my child have to claim have to claim his Alaska PFD on his tax return if he has other earned income.

Forum|Forum|7 years ago
June 1, 2019
1 reply
13 views

My child has to file taxes because he has self-employment income. Does he have to claim the PFD on his taxes since Alaska's PFD is below the 1050 mark this year? If he does, can I add his PFD to my tax return as a dependent child so he does not have to claim that income on his return?

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Yes, he does since he has self-employment income. .

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

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.

A

Anonymous

Answer

Yes, he does since he has self-employment income. .

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

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.