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I have no clue what Business meals deducted pursuant to section 274(k) of the Internal Revenue Code is and its telling me I need to put a greater number than 0

Form 104 Colorado Individual Income Tax Return
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2 Replies
MaryK4
Employee Tax Expert

I have no clue what Business meals deducted pursuant to section 274(k) of the Internal Revenue Code is and its telling me I need to put a greater number than 0

You will wan to enter: 

  • The full amount of any federal deduction claimed for business meals on line 24b of Schedule C of Form 1040.
  • Any business meals addition from line 10 in Column A on any Colorado K-1 (DR 0106K) issued to you by a partnership or S corporation.

For tax years 2024 through 2030, individuals must make an addition on their Colorado returns for any business deduction claimed for business meals. The required addback is equal to the full amount of the deduction claimed pursuant to section 274(k) of the Internal Revenue Code.  See Individual Income Tax Guide

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I have no clue what Business meals deducted pursuant to section 274(k) of the Internal Revenue Code is and its telling me I need to put a greater number than 0

There is probably an entry for business meal expenses in one of your Schedule Cs or K-1s in your Federal forms. (I believe this is a bug in TurboTax as a even a "$0" in a Sched C triggers the CO state to want a >$0 for the add back.)

 

Rather than trying to use the Easy Step, I found this by going to Forms and looking at each K-1 and Schedule C for "meals". (I don't know of a way to search the forms for "meals".) I had some issues so I deleted it from the forms page and then went back to the Easy Step for that Sched C and verified it to be empty.

 

You will likely need to delete the state data (File->Remove Colorado Data) and then go through the prepare state data again.

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