Election Connection
Click here to learn about this year's election

Sealaska Shareholder 1099 Tax Forms Now Available
Monday, January 24, 2022

Sealaska shareholders will be able to view and download their IRS Form 1099-DIV for 2021 beginning Monday, Jan. 24.

  • View and download 1099 form on MySealaska.com Monday, Jan. 24
  • Printed 1099 tax forms will be mailed on or before Jan. 26.

Q: Why am I getting a 1099? I thought my distributions were tax free now that we have the Sealaska Settlement Trust?

A: The Sealaska Settlement Trust was created by a vote of shareholders in June of 2021. Dividend payments that occurred in 2021 prior to the creation of the Sealaska Settlement Trust (for example, the spring distribution in April 2021) are still subject to federal income tax.

  • Distributions from Sealaska operations and the Marjorie V. Young (MVY) investment fund are tax free beginning with the fall 2021 distribution, which was the first to pass through the Sealaska Settlement Trust. 
  • ANSCA Section 7(j) payments to shareholders (Class B, C) have always been and will remain taxable income. Urban and At-Large shareholders (class B, C) will receive 1099 tax form for 7(j) payments.
  • For more information on the Sealaska Settlement Trust, click here.

How to Find 1099 Form On MySealaska.com

  1. Login to MySealaska beginning Monday, Jan. 24
  2. Click “About Me”
  3. View or print form

How to Read Your IRS Form 1099

Sealaska’s semi-annual dividend is funded by three components: ANCSA Section 7(j), income from Sealaska’s business operations, and earnings from the Marjorie V. Young Shareholder Permanent Fund. 

Every shareholder who received $10 or more in dividend payments from Sealaska should receive a 1099-DIV form.

Box 1a includes the total taxable dividends paid to shareholders. All shareholders will see the Spring 2021 distribution in this box, and for those who are eligible, it will also include the Fall 2021 7(j) distribution.

Box 1b represents that portion of Box 1a that is “qualified” – which means that this amount is eligible to be taxed at the lower capital gains tax rate. Only dividends from Sealaska’s business operations and the MVY Shareholder Permanent Fund may be considered qualified.

Box 3 is the total non-dividend distributions paid to shareholders. Included in this box is the one-time Elders payment made to shareholders who reached 65 during 2021.

Box 4 is the federal income tax withheld for shareholders. If shareholders elected to have Sealaska withhold federal taxes from their dividend payment, it will be reflected here.

Shareholders who received non-dividend payments such as prizes or give aways will receive a 1099-MISC.

The amount that they received will be included in Box 3 of the 1099-MISC.

Latest News


Community Meeting Information

Pinned - Posted 5/1/2024

Sealaska shareholders are invited to join us at our upcoming in-person and virtual community meetings to learn more about Sealaska business operations, upcoming opportunities and connect with fellow shareholders and descendants.


Derik Frederiksen to support Sealaska’s continued in-region investment in position as Vice President of Regional Business Development

Posted 5/7/2024
Frederiksen shares in Sealaska’s vision for the region: a thriving future for Southeast Alaska. Derik Frederiksen believes in the people of Southeast Alaska — and with this belief comes excitement about the future of both people and place. With over 20 years of experience serving Sealaska’s operations in the region and beyond, his energy, ideas and on-the-ground insight will serve to catalyze Sealaska’s continued commitment to a prosperous, sustainable Southeast.&...

Sitka Clan Houses Nominated for National Recognition on Historic Preservation Lists

Posted 5/3/2024
Jerrick Hope-Lang, LduteenSitka Indian Village and its Clan Houses proudly announce their nomination for prestigious national and statewide historic preservation lists. The nominations include recognition on the National Trust’s “11 Most Endangered Historic Places” and the Alaska Association of Historic Preservations’ “10 Most Endangered Historic Properties.”Sitka Indian Village, first built in the 1820s, is a cherished cultural landmark situated in the heart ...

Sealaska Announces Spring Distribution of $19.2 Million

Posted 4/12/2024
As part of Sealaska’s continued investment in our communities and region, a spring 2024 distribution totaling $19.2 million will be issued to shareholders on Thursday, April 18. Sealaska’s board of directors approved the distribution at a meeting held in Juneau on Friday, April 12. The upcoming distribution includes dividends totaling $4.5 million from Sealaska’s ocean-health business platform, $3.1 million from the Marjorie V. Young (MVY) Shareholder Permanent Fund and an additional $11.6 milli...

Sealaska Spring 2024 Distribution Date Announced

Posted 3/19/2024
The Sealaska Board of Directors will meet on Friday, April 12, 2024, to approve the amount for Sealaska’s 2024 spring distribution. The distribution will take place on Thursday, April 18.  Shareholders can prepare for a seamless distribution by completing any enrollment or stock transfer paperwork, including gifting or inheritance, by Friday, April 12 at 4 p.m. The last day to make changes to addresses or direct deposit information is Monday, April 15, , before close of business, or online via M...