Larry Z
Level 3

Do we have to manually input 2017 NYS Tax refunds if client took the standard deduction in 2018? 

0 Cheers
IRonMaN
Level 15

But was the standard deduction taken in 2017?  If so - no.


Slava Ukraini!
Larry Z
Level 3

So if they itemized in 2017 but took the Standard Deduction in 2018 we have to include 2017 NYS Tax Refund for 2019? 

IRonMaN
Level 15

You're getting me dizzy.  If someone receives a tax refund, if they benefitted from the deduction of those taxes some of the refund might be taxable.  in what year did they receive the refund from the 2017 return?


Slava Ukraini!
Larry Z
Level 3

Sorry my head is spinning but I don't want to get you dizzy!! 

They itemized in 2017 and received  a NYS refund in 2018. 

 

Would we have to manually input that in Part IV of Taxable Refund worksheet? 

 

Line 13 Total Taxable refunds from 2017 or prior tax returns? 

IRonMaN
Level 15

Ok, I'm stable now.  You can skip that line.  


Slava Ukraini!
Larry Z
Level 3

Ok I guess  I over thought that. That would be for 2017 Tax Refund received in 2019?? 

IRonMaN
Level 15

Yup.


Slava Ukraini!

View solution in original post

Larry Z
Level 3

Thank you so much! 

IRonMaN
Level 15

You betcha!


Slava Ukraini!