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State Tax Refund Recovery Exclusion Error
My 2019 state tax withholding was $20,000 and the refund was $3,000. I claimed the limit of $10,000 in deduction. i.e. the state tax refund didn't give me a tax benefit. However, Turbo Tax determines that my state tax refund is taxable. Is this an error on Turbo Tax? How can I fix it?
‎April 12, 2021
10:10 PM