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