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Is there a problem with the computed value on Line 1 of Colorado Form 104? A negative value is being entered even though the Federal Form 1040 Line 15 is 0.
My Federal income is negative this year, but it is reported (per instructions) as $0 on my Form 1040 Line 15. Okay, now onto State. Line 1 on my Colorado Form 104 Line 1 says to enter the number from Federal Form 1040 Line 15. But instead of $0 (which is the number on the form), the negative income value is being entered. This doesn't seem right.
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‎February 12, 2023
2:14 PM