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mopowers
Member
Cash: $ 4.15
Posts: 18
Joined: 03 Apr 2008
Location: CA
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| 1099-G for state tax refund? |
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I received a 1009-G from the CA Franchise Tax Board stating the amount I received for my CA state tax refund last year.
This is the first 1099-G I've ever received. Do I need to claim this amount as income on my 2010 1040 or 2010 CA form 540?
THANKS!!!
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Tue Feb 01, 2011 3:00 am |
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coaster
Senior Advisor
Cash: $ 1357.80
Posts: 6686
Joined: 11 Oct 2005
Location: Wisconsin
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Yes. It's taxable income on the Federal 1040. I don't know what it is in CA.
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Tue Feb 01, 2011 5:57 am |
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mopowers
Member
Cash: $ 4.15
Posts: 18
Joined: 03 Apr 2008
Location: CA
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Thanks coaster.
I did a bit of research last night and it looks like state tax refunds are taxable if state income taxes paid were deducted on the previous year's 1040 schedule A (which mine were).
The way I understand it, I must now record this 1099-G amount on line 10 of my 2010 1040.
Thanks again.
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Tue Feb 01, 2011 3:32 pm |
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coaster
Senior Advisor
Cash: $ 1357.80
Posts: 6686
Joined: 11 Oct 2005
Location: Wisconsin
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quote:
Originally posted by mopowers
....if state income taxes paid were deducted on the previous year's 1040 schedule A .....
Yes, thanks for pointing out that qualifier. I do it every year automatically, so I guess I forgot that part. 
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Tue Feb 01, 2011 4:15 pm |
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