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Frequently Asked Tax Questions

Interest, Dividends, Other Types of Income - 1099 Information Returns (All Other)

  1. I received a Form 1099-G, for my state tax refund. Do I have to include this amount as income on my return?
  2. Are the amounts received from a "reverse mortgage" taxable or nontaxable income? I have looked in Publications 17, 525, 530, and 936 and could not find any relevant information.

Rev. date: 08/04/2012

I received a Form 1099-G, for my state tax refund. Do I have to include this amount as income on my return?

Whether or not you have to report your state income tax refund on your federal income tax return depends on if you itemized your deductions using Form 1040, Schedule A:

Rev. date: 08/04/2012

Are the amounts received from a "reverse mortgage" taxable or nontaxable income? I have looked in Publications 17, 525, 530, and 936 and could not find any relevant information.

The amounts received from a reverse mortgage are not taxable income because a reverse mortgage is a loan.
Additional Information
Reverse Mortgage FAQs