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Re: 59565

After further research, Colorado did in fact change the requirements when claiming a deduction on the 2023 Colorado tax return related to social security income...

COLOCPA

Feb 19, 2024
Re: 59565

Actually, it is a Colorado diagnostic. I misspoke when I asked if it was a new IRS requirement.But, the issue did not exist last year.

COLOCPA

Feb 19, 2024
Re: 59565

I received the same error message.I tried deleting the Social Security entries and then re-entered the data. That did not resolve the issue. Client had similar ...

COLOCPA

Feb 19, 2024
Re: Foreign Tax Credit Carryover Utilization

Thank you for the detailed reply. After reviewing your reply and Pub 514 again, I realized that I misinterpreted "excess limit". Your assumption about my scenar...

COLOCPA

Mar 29, 2023
Re: Foreign Tax Credit Carryover Utilization

Thank you for the feedback. There is an excess amount based on the 2022 calculations. However, Lacerte is pulling that excess from 2022 foreign taxes and not th...

COLOCPA

2

Mar 29, 2023

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Member Since	‎03-08-2020

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