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form 1099-G amount was repaid

I received form 1099-G for a taxable grant: $4800.  But I was unable to use the full amount. I used only $1105, and repaid the rest to the department (of State).   

How do I best reflect that on my input?  

If I input only $1105, I worry that the discrepancy/mismatched amount with the amount on file with the 1099-G will trigger a problem.

If I want to add a FOOTNOTE explaining the discrepancy, then I must print out and mail the whole thing!  

 

Further, NewYorkState requires e-filing, but TurboTax will not e-file a state unless federal is also e-filed. 

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1 Best answer

Accepted Solutions
ToddL99
Expert Alumni

form 1099-G amount was repaid

Report the entire amount in the 1099-G interview (Other Common Income > Other 1099-G income), and then report the amount repaid as follows:

  • Type "other reportable income" in the search window (or in the Search Topic window for desktop versions)  

  • Click on "jump to other reportable income  (or "other reportable income" in the Search Topic results)  

  • Answer "No" to "Did you receive any other wages?"  

  • Select "Other reportable income" from the Miscellaneous income list  

  • Select Add another Income item  on the Other Miscellaneous Income Summary screen  

  • Enter a Description (1099-G Repayment) and the amount repaid as a negative number,  then click on Continue  

Yes, NY "requires" you to e-file your state return, but you can still file it by mail without penalty of any kind. 

View solution in original post

2 Replies
ToddL99
Expert Alumni

form 1099-G amount was repaid

Report the entire amount in the 1099-G interview (Other Common Income > Other 1099-G income), and then report the amount repaid as follows:

  • Type "other reportable income" in the search window (or in the Search Topic window for desktop versions)  

  • Click on "jump to other reportable income  (or "other reportable income" in the Search Topic results)  

  • Answer "No" to "Did you receive any other wages?"  

  • Select "Other reportable income" from the Miscellaneous income list  

  • Select Add another Income item  on the Other Miscellaneous Income Summary screen  

  • Enter a Description (1099-G Repayment) and the amount repaid as a negative number,  then click on Continue  

Yes, NY "requires" you to e-file your state return, but you can still file it by mail without penalty of any kind. 

form 1099-G amount was repaid

Excellent response that finally answers my question.   

But I have two items of concern:

1- a TurboTax helper who I spoke with the previous day had told me that 1099-G Taxable Grant entry would not e-file, that I would have to mail a printout  (obviously not correct info);

2- "other reportable income" in the searchbox does not return the proper link;  however, navigating to the Income interview can get me there.

 

Thanks again for the excellent advice, both about 1099-G Repaid, and about NYS tax "requirement" 

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