MarilynG1
Expert Alumni

Deductions & credits

Yes, if your Capital Gains from your home sale is $0 on your Federal return, you'll have no Capital Gains income to report in Colorado.

 

Even if you did have federal Capital Gain income, Colorado has an exclusion for capital gains on home sales, which is why you see an adjustment entry area.

 

Here's more info on Colorado Capital Gain Subtraction.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"