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Is California tax refund for previous year taxable this year by California? Or does California tax the tax refund it issued previous year?
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Is California tax refund for previous year taxable this year by California? Or does California tax the tax refund it issued previous year?
No, its don't. State income tax refund taxed on the federal return is subtraction reported in column B, Schedule CA (540).
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Is California tax refund for previous year taxable this year by California? Or does California tax the tax refund it issued previous year?
No, its don't. State income tax refund taxed on the federal return is subtraction reported in column B, Schedule CA (540).
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Is California tax refund for previous year taxable this year by California? Or does California tax the tax refund it issued previous year?
FTB Pub 1001: Federal law includes the state income tax refund in income. California excludes the state income tax refund from income