Does TurboTax complete this 104CR form as part of the interview questions? My wife worked 100% in CO for a company based in NY. The company realized in August they needed to start deducing NYS taxes, so for a period of time she has been double taxed. 12 Months of CO state taxes and 5 months of NYS taxes.
I think what needs to occur is (please correct me if I'm wrong):
* Need to "true up" the NYS taxes for the full year (7 months).
* Submit a Colorado form 104CR with my CO state taxes (and NY state form as evidence) to show I paid taxes to NY state.
* State of CO issues a refund for the amount of tax paid to NY (but not to exceed what CO taxes would have been) I get it - my tax bill will be higher because NY rate is higher. Thanks NY!
