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

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

1099G. Input the refund, but TT is asking for total of all payments or withholdings. I don't recall ever having to do this. Just what's on the 1099G.

 
Connect with an expert
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 Best answer

Accepted Solutions
KrisD
Intuit Alumni

1099G. Input the refund, but TT is asking for total of all payments or withholdings. I don't recall ever having to do this. Just what's on the 1099G.

The 2018 1099G tax refund is not taxable if the taxpayer took the Standard Deduction on the 2017 return. 

If the taxpayer took itemized deductions on the 2017 return, the refund is taxable, but only to the extent that the tax caused itemized to be higher than standard. 

For example, say the standard deduction was  6,500. The taxpayer itemized and claimed 7,000. The taxpayer claimed 1,000 in state "payments and withholding". The state refund was 900. Only 500 of the refund is taxable because only 500 of the tax was more than the standard deduction that the taxpayer could have claimed.  

View solution in original post

1 Reply
KrisD
Intuit Alumni

1099G. Input the refund, but TT is asking for total of all payments or withholdings. I don't recall ever having to do this. Just what's on the 1099G.

The 2018 1099G tax refund is not taxable if the taxpayer took the Standard Deduction on the 2017 return. 

If the taxpayer took itemized deductions on the 2017 return, the refund is taxable, but only to the extent that the tax caused itemized to be higher than standard. 

For example, say the standard deduction was  6,500. The taxpayer itemized and claimed 7,000. The taxpayer claimed 1,000 in state "payments and withholding". The state refund was 900. Only 500 of the refund is taxable because only 500 of the tax was more than the standard deduction that the taxpayer could have claimed.  

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies