Do I need to file my children's 1099 from Alaska pfd on my return or do i have to do a seperate return?

[donald_susanfuji]

I hear that if the amount is less than $1,050 then you do not need to report it. I can not find that on the irs website.

[NancyG]

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: 

1. Click on the Federal Taxes tab
2. Click on Wages and Income 
3. Click on "I'll choose what I work on" 
4. Scroll down the Less Common Income 
5. 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.