Graciela, who is single, reported itemized deductions of $6,400 on her 2016 tax return. Her itemized deductions

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Graciela, who is single, reported itemized deductions of $6,400 on her 2016 tax return. Her itemized deductions included $200 of state taxes paid. In 22017, she received a $150 refund of state taxes paid in 2016. What is the amount that Graciela needs to report on her 2017 tax return? Use the Internet (www.irs.gov) to find out how much the standard deduction was for 2016.

a. $200.

b. $100 

c. $0.

d. She needs to amend her 2016 tax return.

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Fundamentals Of Taxation 2018

ISBN: 9781259713736

11th Edition

Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler

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