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From: hrs@houxb.UUCP (H.SILBIGER)
Newsgroups: net.taxes
Subject: Re: INCOME tax refunds
Message-ID: <260@houxb.UUCP>
Date: Sun, 26-Feb-84 21:14:07 EST
Article-I.D.: houxb.260
Posted: Sun Feb 26 21:14:07 1984
Date-Received: Mon, 27-Feb-84 04:22:33 EST
References: mhuxd.1265
Lines: 9

The Homestead Tax Rebate ( N.J. ) is a rebate on property taxes paid.
This should be reported as "other income" or could be subtracted
from the current year property taxes you are deducting.
I suggest you do the former, because this makes it clear that you
have reported it in case the Sate of N.J. ever reports it.
Not reporting this runs the same risk as not reporting any other
income item. Just because because the aayer has not reported it doesn't
mean you don't owe!
Herman Silbiger