Let's double check what you entered where:
When you enter the form in federal, you enter the state and exempt amounts. This does carry to your CO return.
On the CO return, it asks:
ho...
See more...
Let's double check what you entered where:
When you enter the form in federal, you enter the state and exempt amounts. This does carry to your CO return.
On the CO return, it asks:
how much of the government interest is not subject to CO tax and indicates the portion already marked in federal.
Do not enter the federal portion again.
Enter anything else that qualifies.
The next screen asks about taxable to CO but not federal. Add back GNMA, agency bonds, etc.
The program then creates the interest worksheet for CO.
Line 1 takes the federal amount that carried over
Line 2 subtracts out the GNMA, agency bonds etc
Line 3 adds any other exempt interest
The result could be zero or a deduction and is carried to 1040AD line 2.
Please take a look at your Interest Wks and double check your answers and numbers.
To print or view your forms, including all worksheets:
In desktop, switch to Forms Mode.
For online:
On the left side, select Tax Tools
Select Print center
Select Print, save or preview this year's return
If you have not paid, select pay now.