Sharon 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 Sharon report it?
No, the refund is not taxable
Yes, she should enter the total amount on Form 1040 as income
Yes, she should enter the total amount on Form 1040 capital gains line
Yes, she must use the appropriate worksheet to determine the amount to enter as income