1099G State Form | TigerDroppings.com
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jmarto1
LSU Fan
Houma, LA
Member since Mar 2008
15584 posts

1099G State Form

Received one of these in the mail and have never received this before. Could someone break down what I need to do with this? Not sure if I need to add it to income or not.


Corn Dawg Nation
Ohio State Fan
Member since Oct 2009
3119 posts

re: 1099G State Form
You need to report your state refund as income on your federal return....


jmarto1
LSU Fan
Houma, LA
Member since Mar 2008
15584 posts

re: 1099G State Form
Will they have a specific field for that? I assume I shouldn't add it into this year's income.


Corn Dawg Nation
Ohio State Fan
Member since Oct 2009
3119 posts

re: 1099G State Form
Yes, it'll be similar as to how you add your w-2 if you use turbo tax or something similar.


jmarto1
LSU Fan
Houma, LA
Member since Mar 2008
15584 posts

re: 1099G State Form
Yea, I use Turbo Tax. I'll just look for when they ask for the 1099G. Surprised I've never received one of these before.


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oldcharlie8
LA-Lafayette Fan
Baton Rouge
Member since Dec 2012
4494 posts

re: 1099G State Form
they are taxing your returns.



jmarto1
LSU Fan
Houma, LA
Member since Mar 2008
15584 posts

re: 1099G State Form
Yea, I've figured that out. Is it a relatively new thing? I've always received a good bit back from state and have never received this.


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Catman88
LSU Fan
Baton Rouge, LA
Member since Dec 2004
40860 posts

re: 1099G State Form
I dont really understand how its considered new income and not income already taxed.

If I make 100 in Year 1 and uncle same take 20 dollars of it for himself then the State takes 10 dollars of it but should have only taken 5. Then how is getting my 5 dollars back new income? The 100 dollars was already taxed at 20% by Uncle Sam.

Im guessing it has more to do with state taxes being deductable. So paying the diff of the deductable amount may be what is goign on. Never paid enough attention to it.
This post was edited on 1/25 at 1:03 pm


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Bubb
Member since Mar 2010
2885 posts

re: 1099G State Form
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?


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