1099 Tax Forms are available now on MySealaska!
Wednesday, January 17, 2024
How to find your 1099-DIV on MySealaska.com
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.
- Distributions from Sealaska operations and the Marjorie V. Young (MVY) investment fund are tax free.
- ANSCA Section 7(j) payments to shareholders (Class B, C) will remain taxable income. Urban and At-Large shareholders (class B, C) will receive a 1099 tax form for 7(j) payments.
- For more information on the Sealaska Settlement Trust, click here.
A: Shareholders who have ONLY Class A, D, or E stock receive their dividends through the Settlement Trust or the Marjorie V. Young (MVY) Investment Fund, both of which are tax free. Shareholders of these stock classes will not receive a 1099 and do not need to report their dividends to the IRS.
Latest News
Shareholder Proxy Update
Pinned - Posted 5/12/2025Shareholders, an error occurred when printing proxy cards regarding the number of shares you own and votes you have in the top right corner of your proxy card. This error does not affect the validity of your paper proxy, nor does it affect voting on MySealaska.com through the Election Connection portal
Early Bird Deadline Extended
Pinned - Posted 5/12/2025After considering the recently announced U.S. Postal Service delays to First-Class Mail in conjunction with a paper proxy error leading shareholders who wish to vote by mail to potentially wait for their regularly scheduled second proxy mailing, we have made the decision to extend the early bird deadline to June 6. We are listening to shareholders and want to give everyone the best chance to qualify as an early bird. Thank you for understanding and thank you for voting.