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Where do I enter my Alaska Permanent Fund Dividend?

by TurboTax•437• Updated 2 weeks ago

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.

  1. Go to Alaska fund.
  2. Answer Yes to Did you get a 1099-MISC? (even if the answer is no).
  3. 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.
  4. At Describe the reason for this 1099-MISC, enter Alaska Permanent Fund Dividend as the reason and select Continue.
  5. At Do one of these uncommon situations apply? select This was an Alaska Permanent Fund dividend distribution.
  6. 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.

  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. Next, enter Alaska Permanent Fund Dividend as the reason and select Continue.
  6. At Does one of these uncommon situations apply? 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.

Choose your product and follow the steps if you want to include your child's PFD on your return.

  1. Open or continue your return.
  2. Go to child income.
  3. At Any Child's Income? select Yes.
  4. Answer the remaining questions and TurboTax will fill out Form 8814 that shows the child's income.
  1. Open or continue your return.
  2. Under Search Topics, look up child income.
  3. At Any Child's Income? select Yes.
  4. Answer the remaining questions and TurboTax will fill out Form 8814 that shows the child's income.
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