Question

Where do I enter the Alaska Resource Rebate for 2022?

Forum|Forum|3 years ago
February 25, 2023
1 reply
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How can I claim the Alaska Resource Rebate that was part of the Alaska Permanent Fund Dividend in 2022?

TurboTax Deluxe Online

In TurboTax, you will want to adjust the 1099 amount to the taxable $2621.81.

On February 10, 2023, the IRS issued guidance that changes the portion of the 2022 dividend amount that is taxable. The 2022 Permanent Fund Dividend (PFD) included an energy relief payment of $662.19 that was part of the $3,284 disbursement per eligible Alaskan. Historically the PFD has been taxable, however, this new IRS guidance provides an exception for the energy relief payment portion of the 2022 PFD.

For eligible Alaskans that received their PFD, it appears that the portion of the dividend that is taxable is $2,621.81 and recipients of the dividend may include that amount as taxable on their 2022 income tax return.

A

akhotdogsAuthor

Thank you for the response. That looks like an easy fix but the issued 1099's show the full $3,284 in box 3. won't this flag as an error with the lesser amount recorded on the return?

P

PattiF

This won't flag an error with the IRS since they have addressed this issue in this news bulletin.

Payments from the following states fall in this category and the IRS will not challenge the treatment of these payments as excludable for federal income tax purposes in 2022.