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Generating Colorado DR 0104, line 9 in Lacerte

by Intuit Updated 1 year ago

You can generate the Colorado taxable income subtraction for Form DR 0104, line 9 or Form DR 1316 on the Disposition or Depreciation screen of Lacerte.

Follow these steps to generate DR 0104, line 9 and Form DR 1316 from the Disposition screen:

  1. Go to Screen 17, Dispositions.
  2. Enter the Date Acquired.
  3. Enter the Date Sold.
  4. Enter the Cost or Basis.
  5. Enter the Sales Price.
  6. Scroll down to the Colorado Source Capital Gain Subtraction section.
  7. Check the Qualified asset box.
  8. Make any other necessary entries for this sale.

Follow these steps to generate DR 0104, line 9 and Form DR 1316 from the Depreciation screen:

  1. Go to Screen 22, Depreciation.
  2. Click on the Asset or click on Add from the left navigation panel.
  3. Scroll down to the Colorado Source Capital Gain Subtraction section.
  4. Check the Qualified asset box.
  5. Make any other necessary entries for this asset.
Lacerte Tax

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