Laura deducted $8,100 in state income taxes on her 2008 Federal income tax return. Her refund, received

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Laura deducted $8,100 in state income taxes on her 2008 Federal income tax return. Her refund, received in 2009 after all credits and the minimum tax, was

$7,800 for these taxes.

a. How much 2009 gross income must Laura recognize?

b. How does your answer change if Laura’s 2008 deduction was limited to

$7,200, due to the application of IRC § 68?

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Federal Tax Research

ISBN: 9780324659658

8th Edition

Authors: William A. Raabe, Gerald E. Whittenburg, Debra L. Sanders

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Question Posted: Sep 19, 2024 04:03 AM

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Laura deducted $8,100 in state income taxes on her 2008 Federal income tax return. Her refund, received

Question:

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Federal Tax Research

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