So, the bottom line is that since I paid too much state tax and got a refund, the feds consider this income, is that right?If you itemized on your 2000 tax return and deducted state taxes, yes. If you took the standard deduction on your 2000 tax return, NO!And, now I have to go through Turbo Tax and figure out where to enter the refund amount. I assume it would be somewhere in the income section?I would think so. I'm not a TurboTax user so I'm afraid I can't help there.And yes, I am confused!I'm sorry. I know that's not helpful, but I am.ataxwitch
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat