Question: Mark itemized his deductions last year and received a state tax refund of $ 1 , 2 0 0 . How should Determine the taxable
Mark itemized his deductions last year and received a state tax refund of $ How should
Determine the taxable amount and report it on this year's return.
It is not reported, as state tax refunds are not taxable.
Report it as taxfree income.
Report the entire $ as taxable income.
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