Colorado help

[TAX4US]

TP 70 years. part year moved there in July 2017. receives govt pens and ss. CO Form 104PN. Here's what I have and not sure what to put on Line 31.

Line 12 Col A=87210, Line 13 43605, Line 18 $1517 line 19 =0, Line 30 col A = 25517.(24k pension & 1517 state refund received b4 move)

I am not sure that line 31 should only be 24K. Can some check me out?

[cocpa]

The 24k would be the maximum. Check out Colorado FYI 25: Pension/ Annuity Subtraction (link is below). The maximum subtraction from CO taxable income is 24k once a taxpayer reaches 65 years old.

https://www.colorado.gov/pacific/sites/default/files/Income25.pdf

He or she would only be allowed to deduct the full 24k to the extent that amount was received while a CO resident. There is an example of this on FYI 6 (see page 3 of 7 Example 1). Link is below for that information.

https://www.colorado.gov/pacific/sites/default/files/Income6.pdf