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How to input Alaska Permanent Fund Dividend: up here it is considered additional income, not a DIV, and TurboTax fails to have that option.

 
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6 Replies

How to input Alaska Permanent Fund Dividend: up here it is considered additional income, not a DIV, and TurboTax fails to have that option.

TomK2023
Expert Alumni

How to input Alaska Permanent Fund Dividend: up here it is considered additional income, not a DIV, and TurboTax fails to have that option.

Your Alaska Permanent Fund dividend (PFD) goes in the 1099-MISC section, and gets reported on Form 1040, Schedule 1, Line 8g. To enter these amounts in TurboTax, select your product and follow the instructions.

 

TurboTax Online:

  1. Open or continue your return.
  2. Go to Alaska fund.
  3. Answer Yes to Did you get a 1099-MISC? (even if the answer is no).
  4. Select who the dividend is for if you're filing jointly, then follow these steps:
    • For Who Paid You?, enter Permanent Fund Dividend Division.
    • For the Payer's federal ID Number, enter 92-6001185.
    • In box 3, enter 1312.
    • Select Continue.
  5. On the next screen, enter Alaska Permanent Fund Dividend as the reason and select Continue.
  6. On the Do one of these uncommon situations apply? screen, select This was an Alaska Permanent Fund dividend distribution.
  7. Select Continue.

If you're filing jointly and your spouse received an Alaska PFD, select Yes on the following screen and repeat these steps, starting with Step 4.

 

TurboTax Online:

  1. Open or continue your return.
  2. Search for Alaska fund and select the Jump to link in the search results.
  3. Answer Yes to Did you get a 1099-MISC? (even if the answer is no).
  4. Select who the dividend is for if you're filing jointly, then follow these steps:
    • For Who Paid You?, enter Permanent Fund Dividend Division.
    • For the Payer's federal ID Number, enter 92-6001185.
    • In box 3, enter 1312.
    • Select Continue.
  5. On the next screen, enter Alaska Permanent Fund Dividend as the reason and select Continue.
  6. On the Does one of these uncommon situations apply? screen, select This was an Alaska Permanent Fund dividend distribution.
  7. Select Continue.

If you're filing jointly and your spouse received an Alaska PFD, select Yes on the following screen and repeat these steps, starting with Step 4.

 

 

Note: To report any portion of this dividend that's excluded, follow these instructions.

What about my child's Alaska PFD?

A child's Alaska PFD needs to be reported, even if it was their only source of income in 2024.

 

If your child's total income was exclusively unearned (meaning the Alaska PFD, plus interest, dividends, or capital gains distributions—no wages or other income earned by working) and was less than $13,000, you can either report their PFD on your return or your child can report it on their own return.

 

Otherwise, if your child's unearned income (including the Alaska PFD) is $13,000 or more, they must file their own return.  Please click on link below for "child's" directions.

 

TurboTax FAQ: Where do I enter my Alaska Permanent Fund Dividend?

 

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How to input Alaska Permanent Fund Dividend: up here it is considered additional income, not a DIV, and TurboTax fails to have that option.

Hi, can you elaborate on the specific steps behind "Go to Alaska fund" ?

 

For example, in the online TurboTax, one way to do this is to use the search (hourglass in upper right) to search for "alaska fund", and one of the search results says "Jump to alaska fund (Go to the alaska fund section of TurboTax)". Clicking on this takes you directly to the 1099-MISC area.

BrittanyS
Expert Alumni

How to input Alaska Permanent Fund Dividend: up here it is considered additional income, not a DIV, and TurboTax fails to have that option.

The Alaska Fund is entered under the 1099-MISC.  Then you can follow these steps:

 

  1. Open or continue your return.
  2. Go to Alaska fund.
  3. Answer Yes to Did you get a 1099-MISC? (even if the answer is no).
  4. Select who the dividend is for if you're filing jointly, then follow these steps:
    • For Who Paid You?, enter Permanent Fund Dividend Division.
    • For the Payer's federal ID Number, enter 92-6001185.
    • In box 3, enter 1312.
    • Select Continue.
  5. On the next screen, enter Alaska Permanent Fund Dividend as the reason and select Continue.
  6. On the Do one of these uncommon situations apply? screen, select This was an Alaska Permanent Fund dividend distribution.
  7. Select Continue.

If you're filing jointly and your spouse received an Alaska PFD, select Yes on the following screen and repeat these steps, starting with Step 4.

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How to input Alaska Permanent Fund Dividend: up here it is considered additional income, not a DIV, and TurboTax fails to have that option.

Yes, that's the guidance already listed above. It's the "Go to Alaska fund" part that may be unclear for many searchers.

LenaH
Employee Tax Expert

How to input Alaska Permanent Fund Dividend: up here it is considered additional income, not a DIV, and TurboTax fails to have that option.

Go to Alaska fund appears to be a broken link from the TurboTax article here. Usually the help articles will give you a direct link for TurboTax Online so you can be brought directly to the correct page without having to navigate. 

 

As a workaround for TurboTax Online, you can go directly to this 1099-MISC link to enter your Alaska Permanent Fund Dividend.

 

@tychotithonus 

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