Up to $24,000 of your RMD can be subtracted from your Colorado income if it qualifies as annuity/pension. TurboTax calculates the amount in the Colorado state tax section.
If you meet certain qualifications, you can subtract some or all of your pension and annuity income on your Colorado individual income tax return (Form 104). You must be at least 55 years of age unless you receive pension/annuity income as a death benefit. You can claim the subtraction only for pension/annuity income that is included in your federal taxable income in the year you claim the subtraction.
FYI Income 25
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