I was able to get the return filed in less than a day. However, the product is very jargon-heavy for someone who is using it for filing a return for an estate, and it asks a lot of irrelevant questions because it assumes the estate is a business when it is not. Like asking if I want to set up K-1 forms. I don't even know what those are. I also ended up having to ignore all the stuff about having an NOL (true) and "carryback" (impossible since there are no previous tax years). The instructions for this were either nonexistent or led to a dead end. If I figure out how to ask for a carry forward, I'll have to submit an amended return.
Colorado Partnership Return module is not complete
on May 7, 2025
Posted by: bobbynt
from colorado
Colorado partnership return, Form DR106, is not complete when electing to file PTE taxes. Paid for a return and then had to manually input everything, could have done this online at CDOR.
Helps fill out the forms with greater accuracy, but doesn't provide adequate guidance for my return, and doesn't help with filling out oil and gas specific items on the return. For example, you're pretty much on your own figuring out where to report oil and gas depletion deductions, and handling the differences between book depletion and depletion deductions for tax purposes.