Colorado DR 0106EP SALT Parity Election Estimated Tax Forms

[david3]

I am preparing an 1120-S and the entity is making the Colorado SALT Parity election.

The entity is required to make 2023 state estimated tax payments. However, the estimated tax forms (DR 0106EP) are not included in PS. The forms aren't even listed in the tax form availability.

How do we provide the 2023 estimated tax forms for our clients?

Thank you.

[SunnyColorado]

I had my clients set up those payments online because of this. I couldn't find a work around on that. 

[Avs19]

Hi, I'm in Colorado as well. Just to make sure, when electing the parity act, Scorps can deduct the 2023 State income tax paid and estimates on their 2024 return? 

[sjrcpa]

Yes. that's the whole point as a workaround to the individual $10K SALT cap.

[Avs19]

Yep, just making sure the estimates are deductible in 2024 as well.

Thanks!