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stearns123taxes
New Member

Where does the ak pfd and ui go?

 
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Accepted Solutions
bwa
Alumni
Alumni

Where does the ak pfd and ui go?

An Alaska Permanent Fund Dividend is entered as miscellaneous income not subject to self-employment tax, so it ends up on line 21 of your Form 1040. If you enter Alaska Permanent Fund Dividend in the Search Box in the upper right corner of the screen, it should take you to the correct location.

For a child, because dependents must file a tax return if they have unearned income greater than $1,050, every dependent who received the PFD will be required to file a tax return.  If that is the child’s only income, it can be reported on the parent’s return using Form 8814.

Also see:  https://ttlc.intuit.com/questions/2414465


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4 Replies
Lisa995
Level 12

Where does the ak pfd and ui go?

State Unemployment and Paid Family Leave?   Have you received the 1099G sent by the state yet?
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
bwa
Alumni
Alumni

Where does the ak pfd and ui go?

An Alaska Permanent Fund Dividend is entered as miscellaneous income not subject to self-employment tax, so it ends up on line 21 of your Form 1040. If you enter Alaska Permanent Fund Dividend in the Search Box in the upper right corner of the screen, it should take you to the correct location.

For a child, because dependents must file a tax return if they have unearned income greater than $1,050, every dependent who received the PFD will be required to file a tax return.  If that is the child’s only income, it can be reported on the parent’s return using Form 8814.

Also see:  https://ttlc.intuit.com/questions/2414465


rjs
Level 15
Level 15

Where does the ak pfd and ui go?

The Alaska PFD for 2016 is $1,022. So if the PFD is the child's only income, the child does not have to file a tax return and the child's PFD should not be reported anywhere.
bwa
Alumni
Alumni

Where does the ak pfd and ui go?

Thanks, RJS - it must have gone down from last year.
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