Hi,
I am trying to figure out 'how much' of the Oregon State Tax Refund (kicker) i received in Y2023 is taxable in Y2024. I took itemized deductions Y2023, and there is no sales tax in Oregon. The TurboTax SW gives both options, its says the refund is not taxable following all the prompts and then after clicking this button 'make my entire refund taxable', it now considers the full amount reported in 1099-G as taxable income. I am struggling to determine whether entire amount reported on 1099-G needs to be reported or some calculation needs to be done had i take standard deduction in Y2023 instead if itemized deductions.
PS. I did not receive the exact amount listed in 1099-G as refund, the amount i got was Oregon kicker - Oregon state tax i was owing in Y23. Not sure if this is relevant in the above calculation.
Thanks for your help!
