A taxpayer received a 1099-G for 2014 showing $350 of state income tax refund that he received during the year from 2013 state taxes paid.Does the taxpayer have to report the state income tax refund of $350 in 2014?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q96: The following income item is not taxable:
A)
Q101: In what form can a taxpayer realize
Q102: What are cafeteria plans?
Q102: The following items under compensation for sickness
Q104: Name three items that are exempt from
Q105: With OID instruments,taxpayers report annually a portion
Q106: Discounts offered to employees on services cannot
Q108: Determine the amount of tax liability under
Q109: Esther is a student at a state
Q111: Define constructive receipt.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents