"John Beurket" <beurket[at]attglobal.net> wrote:
- quote -

Lordy, you are right! Why didn't the nitwit at the NYS
1099-G hotline know that?

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Bewildered wrote:

- quote -

The amount on the 1099-G from New York includes the amount
of Sales or Use Tax (Line 59) that you declared on your last
years form. Since this tax is not an income tax it is not
suitable as a deduction to your federal tax. They have
assumed that the amount that you declared as tax paid on
your last years federal form included that amount which is
not eligible, and hence should be declared as income. If
this is not the case just enter the amount of your refund.
TaxCut and I expect Turbo Tax allow you to do this. You
might want to add a note.

John Beurket.

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"Bewildered" <bewildered[at]yahoo.com> wrote:

- quote -

1 - attach a schedule detailing the situation

2 - recompute last year's tax return until you get the
amount of the refund that you actually benfitted from (I use
software to do this & don't recomment pencil & paper for
this one)

___________________________________
<<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <-----

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

1) I got my 1099-G from NYS. It is wrong. I called the
number on the form. They agree it is wrong and have no
explanation for the error; unfortunately there is nothing
they can do about it. They gave me an address to write to;
there is no one to speak to. I seriously doubt it will ever
be fixed. What do I do? Can I substitute the correct
figure, or must I use the incorrect one? It is only a
difference of $80.

2) TaxCut says that since I paid AMT last year the entire
refund might not be taxable. It says to calculate the
taxable amount using publication 525. I read through 525,
but nothing jumped out. How do I calculate the taxable
amount?

Thanks.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >