Myrna and Geoffrey filed a joint tax return in 2017. Their AGI was $85,000, and itemized deductions

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Myrna and Geoffrey filed a joint tax return in 2017. Their AGI was $85,000, and itemized deductions were $13,700, which included $4,000 in state income tax. In 2018, they received a $1,800 refund of the state income taxes they paid in 2017. The standard deduction for married filing jointly in 2017 was $12,700. Under the tax benefit rule, what amount of the state income tax refund is included in gross income in 2018?

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Related Book For  answer-question

South-Western Federal Taxation 2019 Comprehensive

ISBN: 9781337703017

42th Edition

Authors: David M. Maloney, William A. Raabe, William H. Hoffman, James C. Young

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