Possibly. The amount on line 9b of the form 8960 is limited to 10,000. The calculation for that line 9b is on the Form 8960 worksheet.
The ratio of your investment income to your adjusted gross income is used to figure the amount/percent of state/local income taxes reported on your schedule A that is allocable to investment income.
Next year the taxable portion, if any, of your state tax refund will be part of your adjusted gross income and thus part of the ratio to figure next year's line 9b if applicable.
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