Colorado 529 plan deduction

10 replies
81 views

Where do I enter my contribution on Turbotax for my Colorado 529 plan.

TurboTax Home & Biz Windows

DavidS127

Alumni - Intuit

During the TurboTax state tax return interview you subtract payments or contributions to a qualified state tuition program administered by College Invest. There is a section to enter subtractions from federal taxable, and 529 plan payments or contributions will be one of the categories you can enter.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

rrob50Author

Level 2

It helped. I had to manually enter the contribution on to the turbo tax form itself, because there was no way to enter it on the interview function in turbo tax.
thanks

ukakinada

Level 2

I am frustrated and disappointed with the lack of support for known deductions like state 529 contributions.

I wonder how many other which I am not aware are being missed. We are paying so much for Federal and additional amount again for State, IMHO should expect better.

Someone, please please please post the instructions for the following

- 529 contributions for Illinois and Colorado

- K -12 residential school expenses for Illinois ( Illinois Math and Science Academy )

gwt1

Level 2

I e-filed my Colorado return using Turbo Tax Home & Business 2021. When I went to Revenue Online Colorado, and looked at the uploaded return, I discovered that the 529 contribution that I had entered was missing from the uploaded copy. I checked my desktop and it is included there, in both pdf and printed, as well as in the Turbotax application. I amended my Colorado return online and added this on line 8 of 2021 DR 0104AD, as well as checked the box for State Sales Tax refund on 2021 DR 0104 line 32 which was somehow omitted in the upload process. I verified all the other lines on DR 0104 match the local version on my desktop. I'm now waiting to see if this amended return is accepted. Have others seen this issue?

AmyC

Alumni - Intuit

@gwt1 Thank you for letting us know. We are not aware of an issue. I will note your issue and we will see if it turns out to be a one time thing or more to the story.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

gwt1

Level 2

Thanks Amy. I got a smaller refund last year than I was expecting, but I didn't check into it at the time. After seeing this issue this year, I looked back at last year's uploaded return and sure enough, the 529 contribution was not recorded on Revenue Online Colorado. I think this might be more than a one time situation.

Ouray Don

Level 2

Where do I enter my 2022 Colorado 529 plan contributions in the Turbo Tax Colorado Tax form