Question
Bob is single. His 20 19 federal tax return showed the following: Adjusted Gross Income 100,000 Itemized Deductions: State income taxes paid 4,000 Charitable contributions
Bob is single. His 2019 federal tax return showed the following:
Adjusted Gross Income 100,000
Itemized Deductions:
State income taxes paid 4,000
Charitable contributions 9,000
Total Itemized Deductions 13,000
In 2020, Bob files his 2019 state income return and receives a $1,100 state income tax refund. How should the $1,100 state income tax refund be reported?
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Case Studies In Strategic ManagementHow Executive Input Enables Students Development
Authors: Gunther Friedl, Andreas Biagosch
1st Edition
3319955543, 9783319955544
