I do not understand how I can be expected to pay taxes on a tax refund from last year. Can anyone explain this to me?
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If you took a state income tax deduction of $8000 on your 2017 return and then had a refund from your state of $1000, you took $1000 more state tax deduction than you were entitled to. The only way to correct this is to tax you on the $1000 the following year.
If you took a state income tax deduction of $8000 on your 2017 return and then had a refund from your state of $1000, you took $1000 more state tax deduction than you were entitled to. The only way to correct this is to tax you on the $1000 the following year.
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