Berkeley CSUA MOTD:Entry 13133
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2024/11/23 [General] UID:1000 Activity:popular
11/23   

2004/4/11-12 [Reference/Tax] UID:13133 Activity:nil
4/11    Turbo Tax imported my previous year's tax return, which i have $XX
        state refund. it considered it as income. but I also received a
        1099-G from the government for the same money. If I type in the
        1900-G, my tax is increased. Is this right? I feel like I am being
        counted twice for the tax refund. If I don't report the 1099G, am I
        at risk of being audited? thx.
        \_ No one here is a cpa.
        \_ Did you try looking it up in TurboTax? That's part of the point
           of spending money on it, it's supposed to answer small questions
           like this.
        \_ 1900-G? The 1099G is for unemployment insurance. And yes it is
           taxable by the feds.
           \_ I got a 1099G for my state return, too.
              \_ My boo-boo. It covers the state returns too. The money is
                 federally taxable. TT automatically adds it as income. You
                 don't need to send the 1099-G form.
                 \_ Wasn't the money already taxed by the Fed govt in the
                    previous year?  Why would the refund be taxed again the
                    following year? http://www.irs.gov/faqs/faq-kw217.html
                    \_ Thanks!
2024/11/23 [General] UID:1000 Activity:popular
11/23   

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Cache (1904 bytes)
www.irs.gov/faqs/faq-kw217.html
Frequently Asked Tax Questions And Answers Keyword: State Taxes 44 Interest/Dividends/Other Types of Income: 1099 Information Returns All Other I received a Form 1099-G, for my state tax refund. If you did not itemize your deductions on your Federal tax return for the same year as the state or local tax refund applies to, do not report any of the refund as income. If you itemized deductions on your Federal tax return for 2002, and received a refund of state or local taxes in 2002, you may have to include all or part of the refund as income on your 2003 tax return. Refer to Tax Topic 405 , Refund of State and Local Taxes , and Publication 505 , Taxable and Nontaxable Income , for further information. References: Publication 505 , Taxable and Nontaxable Income Tax Topic 405 , Refund of State and Local Taxes Instructions for Form 1040 16. Other Alternative Minimum Tax, Estates, Trusts, Tax Shelters, State Tax Inquiries: I have a question about my state taxes. If you have questions about state taxes, visit the Federation of Tax Administrators FTA links to State Tax Forms . References: State Tax Forms The IRS corrected my return and sent me an additional refund. Does this mean I am also entitled to an additional refund on my state tax return? Whether you are entitled to an additional state tax refund depends on the nature of the change which was made to your federal return. For example, if on your federal tax return, you used the wrong line on the tax tables to figure your tax, this may not have an impact on your state tax return. However, if the change was made to the amount of your taxable income on your federal return, it may have an impact on your state tax return. It is helpful to have a copy of your tax returns federal and state and a copy of the IRS notice when you call. To access the state you need to direct your question to, please go to our Alphabetical State Index .