problem with federal deduction add back on colorado return

Forum|Forum|2 years ago
February 19, 2024
1 reply
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Even though i itemized on fed return the colorado return shows a add back of deductions.

How do I fix?

JohnW152

There's nothing to fix. What you're seeing is required by Colorado law.

On line 2 of Form DR 0104, you're required to add back any state income tax deducted on Schedule A of your federal return, subject to certain limitations. See Additions in the DR 104 Book.

And, on line 4, you may be required to add back itemized or standard deductions over a certain amount if your federal adjusted gross income exceeded $300,000 in tax year 2023. This provision is new for 2023. See the instructions above.

KB_CO

JohnW,

I have a similar question. After reviewing and walking through the steps shown in the DR104 instruction book I am concerned that this is not working properly.

Getting specific:

My addback for CO is shown as $1,957

Below are the calculations that I walked through using the instructions. This data comes from my Schedule A

Line 1 $10,000

Line 2 $11,236

Line 3 $ 6,376

Line 4 $ 201

Line 5 $ 0

Line 6 $31,157

Line 7 $29,200

Line 8 $ 1,957

Line9 $ 0

Line 9 says to enter the smaller of line 5 or line 8. My line 5 is $0 so why is my addback the value of Line 8?

AmyC

Employee

I would like to take a deeper look at this. However, I need a diagnostic file which is a copy of your tax return that has all of your personal information removed. Please notify me by adding @AmyC to your response. Then, it can be moved on to an investigation team and you will not get an immediate response, as I see the issue.

You can send a token to me by following the directions below:

TurboTax Online:
Sign into your online account.
Locate the Tax Tools on the left-hand side of the screen.
A drop-down will appear. Select Tools
On the pop-up screen, click on “Share my file with agent.”
This will generate a message that a diagnostic file gets sanitized and transmitted to us.
Please provide the Token Number that was generated in the response.

TurboTax Desktop/Download Versions:
Open your return.
Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent”
This will generate a message that a diagnostic copy will be created. Click on OK and the tax file will be sanitized and transmitted to us.
Please provide the Token Number that was generated in the response.