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?
You'll need to sign in or create an account to connect with an expert.
In quicken it tell in tax schedule report, that it's 1099-g. I don't know if that is required to fill?
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.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
RogerB-AZ
New Member
MarkLM
New Member
Jewing2
Level 1
SG835
Returning Member
evanwwong@gmail.
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.