- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
When you go thru the entries on the Wages&Incoem page in TurboTax, there is a section for "1099-MISC and Other Common Income" in that section there is a subsection for State Tax Refunds....you go in there to make your entry of that state refund.
Whether any, or all of it ends up getting posted as income on your final Federal tax return, will depend on whether your state income taxes + Property taxes, were limited to the $10,000 SALT limit last year. If you transferred-in your 2023 tax file into 2024 at the start of your preparations, the basic info may already be pre-populated for you....but if this is the first time you used TTX, then you may need some of the $$ details from your 2023 filing to establish whether that state refund actually gets added as 2024 Federal income...or not.