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New Member
posted Jun 4, 2019 9:31:03 PM

How do i file for capital gains in Colorado?

I sold a lot

0 1 636
1 Best answer
Level 1
Jun 4, 2019 9:31:04 PM

You will include the sale on both your federal and CO tax return, regardless if you are a resident or non-resident.

To enter in TurboTax:

Federal 

Income and Expenses

Scroll to Investment Income 

Click show more

Select Stocks, Mutual Funds, Bonds, Other

Did you sell any investments in 2017? click "yes"

Did you get a 1099-B or a brokerage statement for these sales? click "yes"

Choose the type of investment you sold, check "land" and "continue" 

TurboTax will ask for the purchase date, purchase price, location, sale date and sale price

TurboTax will import to your CO state return


1 Replies
Level 1
Jun 4, 2019 9:31:04 PM

You will include the sale on both your federal and CO tax return, regardless if you are a resident or non-resident.

To enter in TurboTax:

Federal 

Income and Expenses

Scroll to Investment Income 

Click show more

Select Stocks, Mutual Funds, Bonds, Other

Did you sell any investments in 2017? click "yes"

Did you get a 1099-B or a brokerage statement for these sales? click "yes"

Choose the type of investment you sold, check "land" and "continue" 

TurboTax will ask for the purchase date, purchase price, location, sale date and sale price

TurboTax will import to your CO state return