n 2021, Marvin, a single,cash basis taxpayer, took a $2,400 itemized deduction for axes paid. The deduction was not limited by the SALT cap. His total itemized dedu were $17,800. In 2022, Marvin received a $300 refund when he filed his 2021 state return. How much of his refund must Marvin include in his gross income for 2022?
n 2021, Marvin, a single,cash basis taxpayer, took a $2,400 itemized deduction for axes paid. The deduction was not limited by the SALT cap. His total itemized dedu were $17,800. In 2022, Marvin received a $300 refund when he filed his 2021 state return. How much of his refund must Marvin include in his gross income for 2022?
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 18DQ
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Transcribed Image Text:In 2021, Marvin, a single,cash basis taxpayer, took a $2,400 itemized deduction for state income
taxes paid. The deduction was not limited by the SALT cap. His total itemized deductions in 2021
were $17,800. In 2022, Marvin received a $300 refund when he filed his 2021 state income tax
return.
How much of his refund must Marvin include in his gross income for 2022?
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