How do I use the Colorado child care credit contribution?

[AnnetteB6]

When there is an issue being addressed by the developers and there is an article issued to allow you to register your email address, the link is discontinued when the issue is completed.  

When entering the information for the Colorado Child Care Credit Contribution, be sure to look at your Colorado Form DR 1317 and enter the amount shown on line 3 to claim the credit.

@shollada 

[shollada]

The credit is still be miscalculated at 100%  of donation instead 50%.   Enter the donation amount from line 3 will give you an incorrect deduction (double).     Is TurboTax working this problem?

thanks,

[DaveF1006]

Yes, this does seem to be an ongoing issue. Need your help so we can resubmit to the investigations team. Here is where I need your help.

1.  First of all, are you working in Turbo Tax or the desktop version? 
2. To look at this in detail, we would like to see a diagnostic copy of your return. The information in this file is a sanitized copy meaning there is no personal information, only numbers so that we can troubleshoot in depth, check for calculation issues, and to see how certain items are applied. Here is how to order. 

• For Turbo Tax online, go to tax tools>tools>share my file with agent.  When this is selected, you will receive a token number.  Respond back in this thread and tell us what that token number is. 
• If you use the desktop version, go to the black stripe at the top of the program>online>send tax file to agent. Once you receive the token number, reply back in this thread and let us know what that token number is.

If you are using the software version, check the Online tab in the black stripe and then check for updates.

@shollada 

[shollada]

desktop version   token 1225078

[DaveF1006]

The program is working correctly.  The program was updated to change the wording to say the credit amount from line 3 of Form 1317 which is already at 50%.  Review the form and make sure  that line 3 in Form 1317 is calculated at 50%. 

Be sure to run the updates in your program as I suggested.

[shollada]

This is incorrect.   Line 3 of the DR 1317 is the full donation amount.   Line4 is the credit 50%.    I have entered the line 4 (50% credit) into TurboTax.    This corrects the main CO tax form and gives the correct total amount,  but it does leave a incorrect value in the smart worksheet.    If that causes any red flags,  I guess its easy enough to explain.   Not sure if the worksheet is sent in with e-file or not.

thanks

[AmyC]

No, worksheets are not part of your tax return. Only IRS forms create the return that is sent to the IRS.

@shollada 

[shollada]

thanks

[sschoenstein]

The problem still exists in TT Premier 2024.

Current text:

2024 Qualifying Donation Amount from DR 1317, Line 3

Correct text:

2024 Qualifying Donation Amount from DR 1317, Line 4

The description of line 4 from the DR 1317 is "4. Credit available, line 3 times 50%"

[DaveF1006]

No. In looking at form DR 1317, Line 3 reports the contribution amount at 50%.  line 2 reports the full amount of the contribution.

[sschoenstein]

You are correct, the latest (2023) version has it on line 3.

United Way sent me a 2013 version of the form that has it on line 4.

[DaveF1006]

For now, use the amount that is listed on line 4 since they sent you an outdated form.

@sschoenstein 

[RZ12]

This is still calculating at 100%.  Is there an ETA for the update?

[MarilynG1]

On Colorado Form DR-1317,  your donation amount should be shown on Line 2, then multiply that amount by .50 for the amount on Line 3.  If Line 3 is incorrect, enter the correct amount in TurboTax or ask the donee for a corrected form.  

Enter the amount from Line 3 in TurboTax in the Colorado Interview, on the screen titled 'Child Care Contribution Credit'.  

@RZ12 

[jhernquist]

This is helpful information. Unfortunately some schools are using the old 1317 form (07/19/13) instead of the new one so maybe inputting clarification on the Child Care contribution screen would be good. It was confusing to me and I realized we entered it incorrectly last year as well because it was not clear what line we needed to enter based on the form we received.