jiadams
New Member

Retirement tax questions

After researching and re-reading Colorado 2024 Form DR 0104AD, Turbo Tax is currently working correctly.  The following is from the form's instructions for Line 4.

 

  • Age 65 or older, then you may subtract $24,000 minus any amount entered on line 3, or the total amount of your taxable pension/annuity income, whichever is smaller; if the amount in line 3 of this form is greater than $24,000, you may not claim any subtraction for pension and annuity income on line 4;

The amount is line 3 (Social Security) is greater.

 

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