topic Taxable Refunds in Get your taxes done using TurboTax

Taxable Refunds

cliff8 — Sun, 24 Nov 2019 23:16:15 GMT

I'm filing my '17 and '18 taxes concurrently. My '17 taxes resulted in taxable state and local refunds; however, since the '17's weren't filed before the '18 return, the refund has not been received and I've not received a 1099-G for the refund. My '18 return wants to treat the '17 refunds as taxable. It doesn't seem like I should be recognizing the refunds as income until I receive a 1099-G (likely in '19).

Re: Taxable Refunds

rjs — Sun, 24 Nov 2019 23:26:38 GMT

You are correct that you should not be reporting the 2017 state and local refunds on your 2018 tax return if you did not receive the refunds in 2018. You report state and local refunds in the year that you actually receive the refund (whether or not you get a 1099-G).

Go back to the State and Local Tax Refunds topic in TurboTax for your 2018 tax return. On the State and Local Tax Refund Summary screen click the Delete button to delete the refund.

Re: Taxable Refunds

cliff8 — Mon, 25 Nov 2019 12:00:00 GMT

Thank you.