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Get your taxes done using TurboTax
I referenced "each box" in my previous post but you can translate that to each line. If the CO K-1 on any line is more than the federal K-1, you will enter the description of the line in the long box on the Increases section and the adjustment (increase) amount to get to the CO amount. Alternatively, if a line on the CO K-1 is less than the federal K-1, you will enter the description of the line in the long box on the Decreases section and the adjustment (decrease) amount to get to the CO amount.
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‎April 10, 2023
4:29 PM