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Level 2
April 4, 2026
Question

Non-res filing CO k1 for RE investment. TT won't allow me to enter state k1 and says only make k1 increase or decrease adjustment if not on fed k1. How does this work?

  • April 4, 2026
  • 1 reply
  • 231 views
I don't understand how it knows what income/loss is Colorado specific since that information is not on the federal k1 and only on the state k1. Is this submitted at fund level this year? If at fund level, do I need to file a state return at all to accumulate losses for future capital gains?

1 reply

PatriciaV
Alumni - Intuit
April 12, 2026

If the Colorado Schedule K-1 reports income or loss that is different from the federal K-1, you can make adjustments to the federal numbers during the Colorado state interview. Look for "Schedule K-1 increases" and "Schedule K-1 decreases."

 

Your entries on these pages (if any) will adjust your Colorado income on Form 104 Line 9 or 11.

 

If the information on the Colorado K-1 will have no effect on your taxable state income and is provided for your information only, you do not need to make any entries for this state K-1. As a non-resident, if you have no Colorado-sourced income to report, you do not need to file a Colorado state income tax return.

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