Tonya is a cash basis taxpayer. In 2023, she paid state income taxes...
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Accounting
Tonya is a cash basis taxpayer. In she paid state income taxes of $ and property taxes of $ In early she filed her state income tax return and received a $ refund.
a If Tonya itemized her deductions in on her Federal income tax return, the refund will not affect her tax return.
b If Tonya itemized her deductions in on her Federal income tax return, she must amend her Federal income tax return and use the standard deduction.
c If Tonya itemized her deductions in on her Federal income tax return and her itemized deductions exceeded the standard deduction by more than $ she must recognize $ income in under the tax benefit rule.
d If Tonya itemized her deductions in on her Federal income tax return, she should amend her return and reduce her itemized deductions by $
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