All income entered on your Federal return is automatically carried to your state return; however, Colorado taxes certain items of income not taxed by the Federal government. Below is other income that should be added to your Colorado return:
- Other Additions as required by Colorado law:
- Bond Interest
- Improper distributions from a qualified state tuition program for which tuition program contribution subtraction was previously claimed.
- Charitable Gross Conservation Easement
- Alien Labor
- Any expenses incurred by a taxpayer with respect to expenditures made at, or payments made to, a club that restricts membership on the basis of sex, sexual orientation, marital status, race, creed, religion, color, ancestry or national origin.
- Charitable Hunger Relief Credit Addback.
- HB20-1420 Addbacks (See CO Instructions for complete information)
- Business Interest Expense Deduction Addback
- Excess Business Loss Addback
- Net Operating Loss Addback
- Adjustments to Federal Schedule A, Line 5. (State Addback)-State withholdings are automatically carried from the Schedule A, if applicable, to your state return as an addition to income according to state law. If you need to adjust the amount pulled from the Federal Schedule A, enter any additions or subtractions. This is not a common entry.
Where to enter?
- State Section
- Additions to Income
For more information on these additions, please click here.