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New Member
posted May 31, 2019 7:27:04 PM

My three year old has a 1099-misc for the Alaska Permanent Fund Dividend, how do I add that to my taxes?

I go to where my husband's and my 1099-MISC are and I click on add one, but it only gives me the option for him and me. I cannot change the name to my three year old.

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1 Best answer
Level 9
May 31, 2019 7:27:06 PM

If the Alaska Permanent Fund Dividend is the only unearned income he has, he is not required to file a tax return and so you do not have to include the income on your tax return either.

The amount of the 2016 Permanent Fund Dividend is $1,022.00.

Your child is required to file a tax return for 2016 if he had only unearned income (interest, dividends, capital gains) of more than $1,050, earned income of $6200 or more, or a combination if he had both earned and unearned income. 


 

1 Replies
Level 9
May 31, 2019 7:27:06 PM

If the Alaska Permanent Fund Dividend is the only unearned income he has, he is not required to file a tax return and so you do not have to include the income on your tax return either.

The amount of the 2016 Permanent Fund Dividend is $1,022.00.

Your child is required to file a tax return for 2016 if he had only unearned income (interest, dividends, capital gains) of more than $1,050, earned income of $6200 or more, or a combination if he had both earned and unearned income.