turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I am a CA resident and have K1 loss from Colorado. Do I file a Colorado State Return?

I am a CALIFORNIA resident.  The information on my COLORADO state K1 is same as the Federal K1.  I see the information flowed from the K-1 I entered on the federal side to my CALIFORNIA return.  Should I leave as-is or do I need to enter a separate COLORADO state return?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

I am a CA resident and have K1 loss from Colorado. Do I file a Colorado State Return?

You might want to file a CO return in order to report (and preserve) the loss to be used to offset any income taxable in CO in future years.

 

@Mike9241 

I am a CA resident and have K1 loss from Colorado. Do I file a Colorado State Return?

Thank you!  But should I remove the K1 information which was automatically carried over from my federal to my California return?

I am a CA resident and have K1 loss from Colorado. Do I file a Colorado State Return?

No, don't remove that because you're a resident of CA.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies