turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Scooter1257
Returning Member

Why isn't TurboTax reporting all income?

Why isn't my 2018 state tax refund showing up in my 2019 taxable income?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
JohnB5677
Expert Alumni

Why isn't TurboTax reporting all income?

If you used the Standard Deduction last year the state refund will not be taxable, and thus not reported in income.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Scooter1257
Returning Member

Why isn't TurboTax reporting all income?

Yes.  Thanks for your quick response.   I meant to add that I used itemized deduction in 2018.

 

What else could it be?

JohnB5677
Expert Alumni

Why isn't TurboTax reporting all income?

If you were able to deduct your sales tax and not your state income taxes on last year’s return, then your state refund is not taxable when you file this year.

 

There is a $10,000 limitation on the combined value of State Income Tax an Property tax.  You may have exceeded the $10,000 limit.

 

TurboTax will ask you simple questions about your previous year state tax refund if you deduct state taxes last year and will perform calculations to determine how much of that refund is taxable based on your answers.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question