Thank you for responding to this question @JamesG1. I don't have income from CO, but rather a loss which resulted in a reduction of my basis in the partnership. I assume I'd still file a state return but am not sure what to enter for this question on the state return:
| "Enter the following information for each fiduciary (trust) or partnership adjustment from your Colorado Schedule K-1 that increases the amount reported on the corresponding federal Schedule K-1." |
This section as well I'm not sure how to proceed:
Schedule K-1 Decreases
Enter the following for each fiduciary (trust) or partnership adjustment from your Colorado Schedules K-1 that decreases the amount reported on the corresponding federal Schedule K-1.
Enter amounts as positive numbers. |
