Wally claimed the standard deduction on last year's tax return and received a state tax refund. Is the refund taxable and if so, how does Wally report it?
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No, the refund is not taxable |
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Yes, he should enter the total amount on Form 1040, line 10 |
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Yes, he should enter the total amount on Form 1040, line 13 |
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Yes, he must use the appropriate worksheet to determine the amount to enter on line 10 |
