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How do I file a 1099 for more than 5 dependents ? We live in Alaska and receive a pfd that counts as income. We have 8 children.

 
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11 Replies

How do I file a 1099 for more than 5 dependents ? We live in Alaska and receive a pfd that counts as income. We have 8 children.

There are more than a dozen kinds of 1099's.  What kind are you trying to enter?   1099NEC?  1099B?  1099R?  1099Misc?  SSA1099?

 

Please explain....and what does having a 1099 have to do with your children?   

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

How do I file a 1099 for more than 5 dependents ? We live in Alaska and receive a pfd that counts as income. We have 8 children.

1099 misc, we live in Alaska and each of our kids received a payment from the permanent fund that we need to claim

How do I file a 1099 for more than 5 dependents ? We live in Alaska and receive a pfd that counts as income. We have 8 children.

All you need to do is enter the children as dependents in the My Info section of the program when using the online editions.

How do I file a 1099 for more than 5 dependents ? We live in Alaska and receive a pfd that counts as income. We have 8 children.

@jessietalbot08 Can you edit your post above to include that you are asking about Alaska?  That way it is more likely to catch the attention of someone more familiar with the Alaska tax laws.

 

You can edit your question by returning to your post and clicking the three little blue dots on the upper right to edit your post.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

How do I file a 1099 for more than 5 dependents ? We live in Alaska and receive a pfd that counts as income. We have 8 children.

We did that, but when we go to fill out form 8814 it will only allow allow us to file 5 of those forms

How do I file a 1099 for more than 5 dependents ? We live in Alaska and receive a pfd that counts as income. We have 8 children.

I’ve rephrased the question 

How do I file a 1099 for more than 5 dependents ? We live in Alaska and receive a pfd that counts as income. We have 8 children.


@jessietalbot08 wrote:

We did that, but when we go to fill out form 8814 it will only allow allow us to file 5 of those forms


Does every child have only income that is interest and dividend income (including capital gain distributions) and totals less than $11,500?

How do I file a 1099 for more than 5 dependents ? We live in Alaska and receive a pfd that counts as income. We have 8 children.

Do all of the children have unearned income of more than $1,150 each?

RobertB4444
Expert Alumni

How do I file a 1099 for more than 5 dependents ? We live in Alaska and receive a pfd that counts as income. We have 8 children.

Just add all of the Alaska Permanent Fund payments for all of your children together into one amount.  That will take care of it.

 

@jessietalbot08

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How do I file a 1099 for more than 5 dependents ? We live in Alaska and receive a pfd that counts as income. We have 8 children.

I think if you add them all together, then it will take a higher amount as it takes 10% from the amount above 1250 for each kid in 2023 taxes---thus you would be taxed a much higher amount than if you add each individual separately. I am also having the same issue maxing out what TT will offer. Anyone ever find a better solution for this? Need one more 8814 for my 6th kid, but TT says I am maxed out. 

RobertB4444
Expert Alumni

How do I file a 1099 for more than 5 dependents ? We live in Alaska and receive a pfd that counts as income. We have 8 children.

It's true.  I hadn't realized the amount had gotten that big!  You can still combine them.  Keep them under 1250 for each 1099 you enter - the total amount is what's important, not the amount per 1099.  

 

@kevinweaverjr 

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