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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![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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F44b63362-3fe6-4dbe-944e-ab20346f8514%2F578b0fca-c774-4544-b88d-2cdfaf2ba152%2F0dgnav_processed.jpeg&w=3840&q=75)
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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