Colorado Pension and Annuity Substraction

I entered my 1099-R information in my federal return but the CO pension subtraction $20,000 is not showing up in my CO state return?

Has anyone else seen this and found a solution?

posted

Yes, when you are going through the Colorado state return you will reach a screen 'Pension and Annuity Income', there are entries for the amount that qualifies for the exclusion.

Enter the amounts here that qualify. See the image below.

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My parents have a combined federal taxable pension and annunity income of $12,461. How do I calculate the portion for the Colorado pension and annuity exclusion?

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Colorado Pension and Annuity Substraction