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I’m completing a zero taxable income return for 2018. What do I put in a Colorado return? Do I write in all zeros in that return? I included the taxes paid for property taxes. How do I complete a Colorado return?
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Why are you doing a return with no income?
Because I owned a business in 2018, making me a non-employee. I was advised to do a Zero Income return because I wasn't an employee.
TurboTax software for 2018 is no longer available, nor would it be supported or updated even if you can find it on eBay, etc. And...you cannot use TT to prepare a "stand alone" state return for any tax year. When you use TurboTax, your information flows from the federal software to the state software. Your reasons to file a 2018 state return are puzzling and you do not mention who advised you to do so, but if you really need to prepare a return for 2018 for CO, seek local paid tax help.
I have been finding IRS forms for 2018 on their site. Colorado is not the only return I have to file. I also have to file my federal return. The reason I was asking about a state return only is because I had already completed a 1040, but had questions about a state return. However, after some digging, I realize I have more forms to fill out because of my business's taxes as well as my own. I'm having to complete returns for 2018 and 2019 for both federal and state. I'm handling 2018 first because that is the year I worked for my own company. Through JustAsk, a tax expert was the one who told me that I file a zero-income return. He said it was because I'm not considered an employee of my own company.
So your comment that I need to consult a local tax professional to help me just confirms my suspicion about my tax situation for 2018. I will need them for 2019 as well.
How is your business set up? You may need to file a separate Business return in which case you will get a W2 and/or a schedule K-1 to enter into your personal return. Or if you are not set up as a LLC S corp or partnership or Corp you file the business as self employment on Schedule C in your personal tax return. Yes you should go to a local accountant or tax place to get it done right.
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