I recently started work for a C-corp who overpaid estimated corporate income taxes in 2023. The 2023 return was filed in 2024, and the state refunded the difference a few months later, in 2025. The prepaid taxes were expensed before the return was finalized - for reasons I can't fathom - and the corporation won't owe taxes for 2024.
Where do I record this refund?
Where do I record this refund?