Hello,
If I itemize deductions and receive a state refund, it looks like next year, I will have to include that in my income. I.e. lowering the benefit of itemizing deductions by the amount of the state refund effectively. To confirm, do I still need to include state refund in my income if I hit the 10k SALT limit on the deduction just via property taxes? I am not including state income taxes paid in the 10k deduction, only property taxes.
Thanks for any insight!
