Question
A refund of 2022 state income taxes received in 2023 by a cash basis taxpayer is included in 2023 gross income if the taxpayer itemized
A refund of 2022 state income taxes received in 2023 by a cash basis taxpayer is included in 2023 gross income if the taxpayer itemized her deductions and deducted state income taxes in 2022.
True or false
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Company Accounting
Authors: Ken Leo, John Hoggett, John Sweeting, Jennie Radford
8th Edition
0470819731, 978-0470819739
