1099G - California

Feb 07, 2009 1 Replies

Hi,



I received a 1099G form that shows a dollar amount in box 2, "State income tax refunds, credits, or offsets."



When I google 1099G it says this, "You received a Form 1099-G because it appears you claimed state income tax payments as an itemized deduction on Schedule A of your Federal Income Tax Return for the tax year listed in Box 3 and received a refund, credit, or offset of $10.00 or more from your California Personal Income Tax Return."



My question is, does this basically mean I just filled out the Schedule A Form 1040 OR did I do something wrong?



thanks!


The first choice. You probably did nothing wrong. If you had a tax benefit from deducting the state income tax paid in 2007, then the refund is often partly or fully taxable for 2008. See IRS Pub 525 and Form 1040 worksheet.

-Mark Bole

Join the Discussion

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

Didn't find your answer?

Ask the community — no account required