Message Font: Serif | Sans-Serif
No. of Recommendations: 0

What did you do last year? Did you report your state tax payments and deduct it from your AGI? If so, then you need to declare the refund this year. If you did not report the state tax payments last year, you should not need to report the refund this year.

I did not report it, but I also didn't receive a Form 1099-G last year, just this year for the first time, so that's why I questioned it.

Bottom line is that TaxCut should have a help system. If you are really concerned, you may want to contact them or another tax advisor for professional answers.

Oh gee, I guess I could - but I like your responses better.

Who supposes that if you did not report the refund and get audited, you could end up owning penalties...

Yes, that could certainly be a concern -- appreciate your help!
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.