turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

When importing from Quicken, it want to import State and tax refund

When importing from Quicken, it want to import State and tax refund.

Do I need to import that? It's a tax refund from last year, is it counted as revenue?

 

2020-04-15_20-55-03.jpg

 

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

When importing from Quicken, it want to import State and tax refund

In quicken it tell in tax schedule report, that it's 1099-g. I don't know if that is required to fill?

VictoriaD75
Expert Alumni

When importing from Quicken, it want to import State and tax refund

You state refund is taxable only if you itemized in 2018. If you itemize your deductions, you are able to deduct state and local taxes. Therefore, if you receive a refund of those taxes, it becomes taxable income on your Federal return in the subsequent tax year.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies