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Business & farm
OK, I see the question:
I don't know the specifics on this, but you can increase or decrease the income reported on your K-1 schedule since the tax treatment for it may be different on your Colorado return than on your federal tax return.
An example would be if your K-1 reported interest income on federal obligations, it would be taxable on the federal return but not on the Colorado return.
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‎April 14, 2020
12:59 PM