abctax55
Level 15
04-07-2024
07:14 PM
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Do some reading on the 'tax benefit' rules. Lacerte has a worksheet showing this; did you look at it???
To simplify, only the state taxes paid that generated a benefit are taxable.
If your 'client' paid $ 9000 in property taxes, only $ 1000 of the state tax refund is taxable.
HumanKind... Be Both