George4Tacks
Level 15
03-29-2020
05:23 PM
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You are posting a statement for other USERS to see. If you want to get Lacerte's attention, you must contact support. I do not regularly do Colorado, but I did find the following in https://www.colorado.gov/pacific/sites/default/files/Income15.pdf:
LIMITATIONS
The Colorado capital gain subtraction a taxpayer can claim is limited to the lesser of:
1. the amount of the federal net capital gain reported on Schedule D of the taxpayer’s return; or
2. the qualifying capital gain; or
3. $100,000.
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@pat Maybe Lacerte is right? The limitation seems to say a cap of $100K to me.
Answers are easy. Questions are hard!