The Alaska Permanent Fund was created by the people of Alaska in 1976 as a way to save a portion of the state's oil revenues for the needs of future generations. It uses oil royalties to make investments in bonds, stocks, real estate, infrastructure, and private entities. Alaska Permanent Fund Dividends and Resource Rebate payments are taxable to either an adult or a child recipient and must be reported on a federal income tax return.
To enter Alaska Permanent Fund Dividends in TaxSlayer Pro, from the main menu of the 1040 select:
- Income
- Other Income
- Alaska Permanent Fund Dividends
Additional Information: