Rebecca and Gregory, a married couple filing a joint return, reported adjusted gross income of $70,000 and
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Rebecca and Gregory, a married couple filing a joint return, reported adjusted gross income of $70,000 and total allowable itemized deductions of $24,900, including $3,100 for state income taxes, in 2018. They received a $1,000 refund of state income taxes in April 2019. How much of the state income tax refund must be included in their income and in which year do they include it?
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Taxation For Decision Makers 2019
ISBN: 9781119497288
9th Edition
Authors: Shirley Dennis Escoffier, Karen A. Fortin
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