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Yes, there is. It's referred to as a subtraction on your Colorado return.
You may be eligible to subtract income that you receive from a pension or annuity. The subtraction is only allowed only for pension or annuity income that you've included in your federal taxable income.
The qualifications are somewhat long. For details, refer to:
To get to the relevant Colorado screen in TurboTax Online:
You'll need to enter the portion of retirement income that qualifies for the exclusion.
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