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abhishek
Feb 8, 2009 - 8:33AM
department of taxation 1099 form

i recieved a 1099 form from the department of taxation with a refund/ over payment value of 252.
does this info get reported to 1099 g form or 1099 int?

Zip Code: 24018

a
Andrew Schwartz CPA
Feb 8, 2009 - 6:22PM
Re: department of taxation 1099 form

Here's the deal. If you itemize your deductions, you include your state income taxes as an itemized deduction. Then, if you get a state refund, the amount of your refund is taxable to you the following year. Each state is required to send out a 1099-G to anyone who got a state tax refund for more than $10.

Please keep in mind that if you didn't itemize your deductions last year, your state tax deduction should not be reported on your federal tax return - even if you receive a 1099-G.

Zip Code: 01801

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