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.

teamzieth
New Member

I did receive a $36 refund from the state of Colorado lest year, but I did not receive a 1099G form. Does this mean I do not have to report it?

 
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.

1 Reply
GeoffreyG
New Member

I did receive a $36 refund from the state of Colorado lest year, but I did not receive a 1099G form. Does this mean I do not have to report it?

Form 1099-G, Box 2, is used to report state and local income tax refunds.  The Colorado Department of Revenue only provides Form 1099-G to those taxpayers it believes may have itemized deductions on their federal return the previous year.

The reason is to save paper and postage, as if you did not itemize your tax deductions last year, and took the standard deduction instead (as better than 2 in 3 taxpayers do), then a 1099-G for state tax refund is not relevant to your income tax return this year.  Thus, if you didn't receive a 1099-G from Colorado for your $36 refund, it's an indication that Colorado believes you took the standard deduction last year.

If this is true, then you don't have to enter your $36 Colorado refund into TurboTax this year at all.  In other words, you're done with this item.

On the other hand, if you itemized your tax deductions last year for federal income tax purposes (that is, you did not take the standard deduction), then you'll need to input your state refund data (even in the absence of a 1099-G) into the TurboTax program, to see if any of your state tax refund from last year could be potentially taxable by the IRS on your federal return this year.

If the latter description applies to you (that is, you itemized your deductions last year), then the mechanical instructions on how to get to the right place in the TurboTax program to enter this item are given in the FAQ answer link directly below.

https://ttlc.intuit.com/replies/4768356


Thank you for asking this important question.


message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question