This year kelsi received a 1900 refund of state income, Ask an Expert

Accounting

This year Kelsi received a $1,900 refund of state income taxes that she paid last year. Last year Kelsi claimed itemized deductions of $6,900 and this total included $2,800 of state income taxes.

How much of the refund, if any, must Kelsi include in gross income if the standard deduction last year was $5,800?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M952391

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