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Message
re: 1099G State Form
Posted on 1/25/13 at 1:23 pm to jmarto1
Posted on 1/25/13 at 1:23 pm to jmarto1
It's only taxable if you wrote it off last year.
Example-
you paid in and deducted $1000 in state tax on 2011 return.
Then you did state return and got $300 back for refund.
Now you get 2012ty 1099g for $300. This would be income for 2012 bc you wrote it off but got it back.
Capeesh?
Example-
you paid in and deducted $1000 in state tax on 2011 return.
Then you did state return and got $300 back for refund.
Now you get 2012ty 1099g for $300. This would be income for 2012 bc you wrote it off but got it back.
Capeesh?
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