When you go into the CO Pension and Annuity Income Exclusion, the program determines your allowable amounts from Social Security and pension. Then, if you click continue, you can enter an amount for any other pension or annuity income that qualifies.
Please delete your entries in that box and see what the program is calculating for you. Then, you can add any missed income to that box.
If you were at least 55 years old at the end of the year, part or all of your income from your pension, annuity, Social Security or IRA accounts that is taxable on your federal tax return may not be taxed by Colorado.
Note: Premature distributions do not qualify for this subtraction. The railroad retirement benefits subtraction is allowed on the Subtractions from Income Schedule (Form DR 0104AD), Line 12 automatically and not here.
See the Colorado instructions for Form 104, line 6 and at the Colorado Department of Revenue website at Income 25.
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