I do have a Colorado K-1, from an S-corp, which operates in Colorado.
The main problem is that TT provides no guidance as how to calculate the Schedule K-1 decreases on my Colorado return.
Is the decrease only the difference in Ordinary Business Income (loss) between Federal and Colorado -- both of which are shown on Line 1 of the Colorado K-1?
Please note that I have edited some earlier posts regarding this topic.
Thanks again.
