"Arthur Kamlet" <kamlet[at]panix.com> wrote in message
news:gp1q84$8h8$2[at]reader1.panix.com...
- quote -

Interest on a state tax refund is also taxable by the state (for states
that tax interest).

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

In article <49b45e2f$0$21664$6c36adad[at]news.usenetserver.com> ,
fpetran <jfpetranj_at_cox_dot_net[at]foo.com> wrote:
- quote -


Yes, to the extent that amount of state income tax provided you with
a tax benefit for tax year 2006.


And if your state is generous enough to pay interest on that refund,
that is federal taxable interest income.
--
--


ArtKamlet at a o l dot c o m Columbus OH K2PZH

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

I am filing an amended 2006 state return that will result in an additional
refund that I should receive in 2009. I itemized on my federal return in
2006 so I would have had to declare the state refund on my 2007 federal
return. I did not itemize in 2008. Usually I would not have to declare a
state tax refund for tax year 2008 on my 2009 return since I did not
itemize for tax year 2008. Will I have to declare the 2006 state refund
on my 2009 federal taxes?

-----
F


##-----------------------------------------------##
Newsgroup Access Courtesy http://www.rockryno.com/
Tax and Accounting Software Forums
Web and RSS access to your favorite newsgroup -
misc.taxes.moderated - 20557 messages and counting!
##-----------------------------------------------##

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >