Since it was received in 2023, it would be shown - IF it was taxable - on your 2023 return. Individuals are "cash basis" taxpayers. A state tax refund is taxabl...
Internal Revenue Code Section 469 governs losses from "passive activities." Rental real estate is a passive activity. Generally, passive losses may be offset on...
Both. Gain on the sale of real property is generally taxed in the state the property is located.Further, your resident state will generally tax all of your inco...
