Child's Alaska Permanent Fund Dividend?

[camilletamara]

Do I need to report my child's 2016 Alaska Permanent Fund Dividend?

[NicoleU]

Yes, per the IRS "The Internal Revenue Service reminds Alaskans that the Alaska Permanent Fund Dividend is taxable income for both adults and children, and must be reported on a Federal income tax return."

For more information, please click this IRS link: https://www.irs.gov/uac/a-reminder-to-alaskans

In TurboTax, you may need to do the following:

• Federal Taxes
• Wages & Income
• Less Common Income
• Child's Income (Under Age 24), Click Start
• Any Child's Income?, click Yes
• Child Required to File? click Yes
• Then, Reporting Your Child's Income- You may be able to report your child's income on your return, using Form 8814, "Parents' Election to Report Child's Interest and Dividends".

[langmeistr]

Federal taxes/Wages and income/Less common income/Childs income. When following the prompts is says the first $1100 of Childs income is not taxable and you are NOT required to report to IRS. I talked t IRS and they said it was mandatory I report. PLEASE FIX