19 Oct Specific lines provided on Colorado income tax forms for subtractions from income
Posted at 00:00h in Colorado Department of Revenue
Taxpayers and tax professionals should note that the Colorado individual income tax form (104) and the Colorado corporation income tax form (112) have specific lines on them for Subtractions from Federal Taxable Income, such as
United States government interest and pension-annuity subtractions for individuals;
exempt federal interest,
excludable foreign source income subtractions for corporations, and
Colorado source capital gain subtraction for individuals and corporations.