That is correct. You enter the total contributions you made for all beneficiaries, no beneficiary information is needed. The max lines you can have is 2, one for you and one for your spouse. The credit is per account owner, not per beneficiary. On a Married filing Joint return, there could be 2 lines for 2 account owners, husband and wife. TurboTax already knows your address, so no need to enter it again.
CO Taxpayers
can subtract contributions made to qualifying CollegeInvest accounts and Colorado ABLE programs to the extent the contributions are included in federal taxable income. If the taxpayer
and/or spouse are not the account owner(s), include the account owner’s name, address, and Social Security Number. The aggregate subtraction for CollegeInvest and ABLE programs is limited to $20,700 ($31,000 MFJ) for each beneficiary.
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