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daveduf
New Member

In Colorado, the federal exclusion of the first $10,200 of unemployment benefits is still taxable for 2020. Is this amount added back as an adj. for the state return?

 
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12 Replies
MaryK4
Expert Alumni

In Colorado, the federal exclusion of the first $10,200 of unemployment benefits is still taxable for 2020. Is this amount added back as an adj. for the state return?

Yes, Colorado is taxing unemployment in full so you must add back the federal exclusion.

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Cowboyseth
Returning Member

In Colorado, the federal exclusion of the first $10,200 of unemployment benefits is still taxable for 2020. Is this amount added back as an adj. for the state return?

How do you do that in filing?

Cowboyseth
Returning Member

In Colorado, the federal exclusion of the first $10,200 of unemployment benefits is still taxable for 2020. Is this amount added back as an adj. for the state return?

I get to the screen that says federal -10200.  What do I put in for colorado then the next screen says federal 10200 what do I put in for colorado

CatinaT1
Employee Tax Expert

In Colorado, the federal exclusion of the first $10,200 of unemployment benefits is still taxable for 2020. Is this amount added back as an adj. for the state return?

TurboTax will take care of this for you.

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Cowboyseth
Returning Member

In Colorado, the federal exclusion of the first $10,200 of unemployment benefits is still taxable for 2020. Is this amount added back as an adj. for the state return?

Yea but I don't know what numbers I need to put in those two screens for the unemployment 

CatinaT1
Employee Tax Expert

In Colorado, the federal exclusion of the first $10,200 of unemployment benefits is still taxable for 2020. Is this amount added back as an adj. for the state return?

I'm not sure which screens you are referring to.  You will enter your 1099-G (unemployment) form in the federal portion of the return and it will be carried over to your state return.

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Cowboyseth
Returning Member

In Colorado, the federal exclusion of the first $10,200 of unemployment benefits is still taxable for 2020. Is this amount added back as an adj. for the state return?

20210406_093022.jpg

20210406_093039.jpg

 

CatinaT1
Employee Tax Expert

In Colorado, the federal exclusion of the first $10,200 of unemployment benefits is still taxable for 2020. Is this amount added back as an adj. for the state return?

Assuming you live in Colorado, you will enter the amount of unemployment you received in the Colorado boxes here.  If the amount of unemployment received was greater than $10,200, you will enter the maximum amount of $10,200.

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Cowboyseth
Returning Member

In Colorado, the federal exclusion of the first $10,200 of unemployment benefits is still taxable for 2020. Is this amount added back as an adj. for the state return?

I do not live in colorado but earned unemployment in colorado   so I can enter -10200 in for colorado on screen 1 and then 10200 on screen number 2 since that affects colorado 

 

Cowboyseth
Returning Member

In Colorado, the federal exclusion of the first $10,200 of unemployment benefits is still taxable for 2020. Is this amount added back as an adj. for the state return?

I just dont know what i need to enter on the above 2 screens

Cowboyseth
Returning Member

In Colorado, the federal exclusion of the first $10,200 of unemployment benefits is still taxable for 2020. Is this amount added back as an adj. for the state return?

Can i assume i enter -10200 and 10200 on those screens respectively?

CatinaT1
Employee Tax Expert

In Colorado, the federal exclusion of the first $10,200 of unemployment benefits is still taxable for 2020. Is this amount added back as an adj. for the state return?

Yes, because that amount is attributed to Colorado.

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