A state income tax refund received by a taxpayer __________. Is always fully taxable to...

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Accounting

A state income tax refund received by a taxpayer __________. Is always fully taxable to the taxpayer.

Is always fully taxable to the taxpayer if they itemized deductions on their prior-year's return.

Is never taxable to the taxpayer.

May be partially or fully taxable to the taxpayer if they itemized deductions on their prior-year's return.

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