Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10.1 6/24/83; site decwrl.UUCP
Path: utzoo!linus!decvax!decwrl!lipman
From: lipman@decwrl.UUCP
Newsgroups: net.taxes
Subject: id AA12739; Wed, 22 Feb 84 05:23:25 pst
Message-ID: <5739@decwrl.UUCP>
Date: Wed, 22-Feb-84 08:23:33 EST
Article-I.D.: decwrl.5739
Posted: Wed Feb 22 08:23:33 1984
Date-Received: Thu, 23-Feb-84 01:30:53 EST
Sender: lipman@decwrl.UUCP
Organization: DEC Western Research Lab, Los Altos, CA
Lines: 25

Message-Id: <8402221323.AA12739@decwrl.ARPA>
Date: Wednesday, 22 Feb 1984 05:20:22-PST
From: erlang::whalen  (An Italian at heart)
To: net.taxes
Subject: Re: Q on Refunds of State & Local Taxes (1040 line 10)

I'm wondering about this one too.  This year is the first year I've been
able to itemize, and that line will mean something to me next year.  My
gut feeling on it is this:  If you got a refund from the state (or local)
so that you paid the state less taxes than you stated on schedule A then
you report the refund.  Here is an example;  Massachusetts took out $1700
from my pay last year.  After figuring out my state tax I found out that I
overpaid $85.  On my schedule A I put down that I paid the state $1615.
Though I did get a refund I would say that I don't have to report it
because I only deducted the amount of tax actually paid.  I don't have any
substantiation for this belief, I read the instructions a few times and
still didn't know how to deal with it.  I gave up because it doesn't
affect me this year, but I'm going to find out for sure before sending off
my return next year!



Rich Whalen
Digital Equipment Corporation
UUCP:   ...decvax!decwrl!rhea!erlang!whalen