In 2007, Rebecca and Gregory, a married couple filing a joint return, reported adjusted gross income of
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In 2007, Rebecca and Gregory, a married couple filing a joint return, reported adjusted gross income of $70,000 and total allowable itemized deductions of
$11,000, which included state income taxes paid of $3,100.They received a $900 refund of state income taxes in April 2008. How much of the state income tax refund must they include in income and in which year do they include it?
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Related Book For
Taxation For Decision Makers 2008
ISBN: 9780324654110
2nd Edition
Authors: Shirley Dennis-Escoffier, Karen A. Fortin
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