My daughter moved to CO in June, 2023. In 2023 a profit sharing plan from a former employer closed and she received a 1099-R 'distribution' that the plan rolled over to a new IRA for her. She was NOT taxed on this on her 1040. Does she need to declare this as a 'CO addition to Federal AGI?
Advice from Turbo Tax : (which wasn't clear enough to me)
"Part-Year Residents: Enter any non-Colorado state or local bond interest you earned while a Colorado resident, and any lump-sum distributions from a pension or profit-sharing plan you received while a Colorado resident. Do not include any state income tax deduction addback."
Leave out or add in on CO return?
Thank you for your help.
Diane
