Colorado QCD in 1040 calculation incorrect.

There might be an error in Turbo Tax calculations: Colorado state return DR-0104AD, Line 12 (Qualified Charitable Contributions). It's supposed to be pulling from 1040 but looks like it is doubling the amount. Reporting on behalf of customer.

posted

So, does line 8 on CO 104 contain the gross amount of the 1099-R for the QCD? Or does it contain only the distribution net of the QCD?

If the QCD amount is not on line 8, it doesn't need to be on line 9 (from 104AD).

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Turbotax calculation of tax penalty was incorrect. After submitting my taxes, we received a check back from the IRS saying that we over paid on penalty

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Colorado QCD in 1040 calculation incorrect.