2007-02-05 11:53:01 · 2 answers · asked by autumncharity1 1 in Business & Finance ➔ Taxes ➔ United States
a 1099 G is showing the amount of a State Refund from the prior tax year
Depending on whether you itemized your deductions and took a deduction for State Income Tax on Schedule A last year, will determine if this is taxable to you this year.
If you took the standard deduction then this would not be reported on the Rederal Tax return. If you did claim it last year then you would have to report as taxable income on the 2006 return.
2007-02-05 11:58:39 · answer #1 · answered by Anonymous · 2⤊ 0⤋
It should say on it somewhere what it's for. Unemployment comp is only one reason you might get a 1099-G - unemp comp is taxable and would have to be reported.
As Rob said, sometimes you might get one for state taxes paid the previous year - if that's what it's for, and you didn't itemize last year and deduct state taxes, then you can ignore it.
2007-02-05 13:14:10 · answer #2 · answered by Judy 7 · 1⤊ 0⤋