Louis files as a single taxpayer. In April of this year he received a $1,770 refund...
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Louis files as a single taxpayer. In April of this year he received a $1,770 refund of state income taxes that he paid last year. How much of the refund, if any, must Louis include in gross income under the following independent scenarios? Assume the standard deduction last year was $12,000. (Leave no answer blank. Enter zero if applicable.) a. Last year Louis claimed itemized deductions of $12,033. Louis's itemized deductions included state income taxes paid of $2,655 and no other state or local taxes. Refund to be included b. Last year Louis had itemized deductions of $10,550 and he chose to claim the standard deduction. Louis's itemized deductions included state income taxes paid of $2,655 and no other state or local taxes. Refund to be included c. Last year Louis claimed itemized deductions of $14,120. Louis's itemized deductions included state income taxes paid of $3,990 and no other state or local taxes. Refund to be included Louis files as a single taxpayer. In April of this year he received a $1,770 refund of state income taxes that he paid last year. How much of the refund, if any, must Louis include in gross income under the following independent scenarios? Assume the standard deduction last year was $12,000. (Leave no answer blank. Enter zero if applicable.) a. Last year Louis claimed itemized deductions of $12,033. Louis's itemized deductions included state income taxes paid of $2,655 and no other state or local taxes. Refund to be included b. Last year Louis had itemized deductions of $10,550 and he chose to claim the standard deduction. Louis's itemized deductions included state income taxes paid of $2,655 and no other state or local taxes. Refund to be included c. Last year Louis claimed itemized deductions of $14,120. Louis's itemized deductions included state income taxes paid of $3,990 and no other state or local taxes. Refund to be included
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Answer a Refund to be included 33 Louis received a tax benefit for ... View the full answer
Related Book For
Essentials of Federal Taxation 2019
ISBN: 9781260190045
10th edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Posted Date:
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