The State of Colorado allows me to deduct 24K of my retired military pay. Turbo Tax is not making the deduction. WHY?
I noticed on my previous state returns, using Turbo Tax, it has not done the deductions.
Why will Turbo Tax not make the deduction?
I have reentered the information from Defense Finance and Accounting Service U.S. Military Retired Pay Form 1099-R several times. The Colorado 2024 DR 0104AD – Subtractions from Income Schedule does not show where 24K was added for deduction. I believe it should be entered on item 4. Primary Taxpayer Pension, nnuity, IRA, or Disability.
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I am using the Premier Edition.
J Adams
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.
The amount is line 3 (Social Security) is greater.
I consider this post closed.
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