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For the federal tax refund, you do not report it as income on your 2019 taxes. It is not a taxable event. However, for the state tax refund, you only report it if you claimed a deduction for state and local taxes on your 2018 tax return.
To enter state tax refunds in TurboTax online, here are the steps:
Thank you. To continue with Federal Tax Refund, what category do you report it in Quickbooks for business?
Please see the links below for information on what category to choose for Federal Tax Refund:
For customer support hours and link, see below. Use the web form and type your question or a keyword. You will get an appropriate phone number for your issue. (You will not get a phone number if you use the link outside of operating hours.)
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