Virginia Interest

Forum|Forum|2 years ago
January 8, 2024
6 replies
50 views

I received a Form (that replaces Federal Forms 1099-G and1099-INT) from Virginia Tax Dept. Block 1 of the form shows $0.00 tax refund although I had a refund. Block 2 shows the Interest that I received on the tax refund. I entered the actual refund I received in a 1099-G in my 2023 turbotax. The amount was larger than calculated in 2022 turbotax due to the interest. There is no place to report the interest on the 1099-G. Do I report in on a 1099-INT as being reported to me on a 1099-INT in Block 1 since Block 2 on the 1099-INT is for early withdrawal penalty?

DoninGA

Level 15

Which tax year is being reported on the Virginia Form 1099-G/1099-INT?

Go to this Virginia website for the form - https://www.tax.virginia.gov/news/1099-g1099-ints-now-available

And this website for Q&A's concerning the form - https://www.tax.virginia.gov/form-1099g1099int

TB1656Author

Level 2

The refund is from 2022. I am reporting for 2023. I have the forms. I need to know how to report the interest because the blocks on the form from Virginia dose not correspond to blocks in the 1099-G and 1099-INT.