1099-G Troubles

Feb 06, 2007 3 Replies
1) I got my 1099-G from NYS. It is wrong. I called the number on the form. They agree it is wrong and have no explanation for the error; unfortunately there is nothing they can do about it. They gave me an address to write to; there is no one to speak to. I seriously doubt it will ever be fixed. What do I do? Can I substitute the correct figure, or must I use the incorrect one? It is only a difference of $80.
2) TaxCut says that since I paid AMT last year the entire refund might not be taxable. It says to calculate the taxable amount using publication 525. I read through 525, but nothing jumped out. How do I calculate the taxable amount? Thanks.



>
>
>
>
>
>
>
>
>

1 - attach a schedule detailing the situation

2 - recompute last year's tax return until you get the amount of the refund that you actually benfitted from (I use software to do this & don't recomment pencil & paper for this one) ___________________________________

-----> real address on hobokeni or hobokenx

The amount on the 1099-G from New York includes the amount of Sales or Use Tax (Line 59) that you declared on your last years form. Since this tax is not an income tax it is not suitable as a deduction to your federal tax. They have assumed that the amount that you declared as tax paid on your last years federal form included that amount which is not eligible, and hence should be declared as income. If this is not the case just enter the amount of your refund. TaxCut and I expect Turbo Tax allow you to do this. You might want to add a note. John Beurket.

Lordy, you are right! Why didn't the nitwit at the NYS

1099-G hotline know that?

Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required