MLBLACK
New Member

State tax filing

Thank you for your response.  However, this still doesn't seem correct to me.

 

The instructions in the DR 0104 book state the following:

"Line 1 Federal Taxable Income
Refer to your federal income tax return to complete this line:
• Form 1040 line 15
If your federal taxable income is a negative amount, be
sure to enter the amount as such on your Colorado return".

 

The amount on my Federal return, Form 1040 SR, line 15, is zero, so it seems to me that the amount on Line 1 of the CO return should be zero.

 

The Adjusted Gross Income, Form 1040 SR, line 11, is a negative number.  As I said, the number filled in on Line 1 of the CO return is the Adjusted Gross Income (a negative number) minus the amount on Form 1040 SR, line 12 (deduction amount), making it a large negative number.

 

Any further assistance you can provide would be greatly appreciated.