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Colorado Form 104 Line 5 Business Meals Add Back
According to the instructions for Colorado Form 104-line 5, "Enter on line 5 the full amount of any federal deduction claimed for business meals on line 24b of Schedule C of Form 1040. Also include on line 5 any business meals addition from line 10 in Column A on any Colorado K-1 (DR 0106K) issued to you by a partnership or S corporation."
I entered 0 on line 5 of my Colorado Form 104, as I have no federal business meals deduction on line 24b of Schedule C of Form 1040 and I did not receive and Colorado K-1s from any partnerships or S corporation.
When running the review of my Colorado tax return, TurboTax flags the Form 104-line 5 entry of 0 and provides the following message:
Check This Entry
Form 104: Business meals deducted needs to be a positive number greater than 0.
If there is no business meals deduction on Form 1040 Schedule C or any from Colorado K-1s, then why must the value entered on Form 104 line 5 be a positive number greater than 0 if the actual deduction add back is 0.