TurboTax HelpTurboTax HelpIntuit

Where do I enter my 2023 Alaska Permanent Fund Dividend (Alaska PFD)?

by TurboTax Updated 3 days ago

Your 2023 Alaska Permanent Fund dividend goes in the 1099-MISC section, and gets reported on Form 1040, Schedule 1, Line 8g. To enter these amounts in TurboTax, refer to the following instructions:

  1. Open your tax return, if it isn't already open.
  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).
    • If you're using the Free version, this isn't covered, so you'll need to follow the prompt to upgrade to Deluxe.
  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.
  1. Open your tax return, if it isn't already open.
  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).
    • If you're using the Free version, this isn't covered, so you'll need to follow the prompt to upgrade to Deluxe.
  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.

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 2023.

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 $12,500, 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 $12,500 or more, they must file their own return.

Follow these steps if you want to include your child's PFD on your return:

Note: If your TurboTax navigation looks different from what’s described here, learn more.

  1. Select the Federal tab.
  2. Select Wages & Income.
  3. On the Your income and expenses summary screen, scroll down to and select Less Common Income.
  4. Select Start next to Child's Income (Under Age 24).

Answer the questions and TurboTax will fill out Form 8814 that shows the child's income.

More like this

Dynamic AdsDynamic Ads