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This topic contains notes about that calculations and data entry for Form 105.

• 100% of income and adjustments appear on Form 105, Page 1 unless the return is a QSST.
• For QSST returns, the S portion is reported directly on the Grantor / Agency Report
• Qualified funeral trusts calculate like a complex trust (no special worksheet or calculation)
• Charitable trusts calculate like a complex trust except there is no tax calculated for line 9.
• Credits are not allocable to beneficiaries.

Additions:

• Income tax from any state transfers from federal data entry.
• Out-of-state municipal income net of expense is transferred from federal data entry. Force fields are also available on Screen COGen.
• Lump-sum distributions reported as income on federal Form 4972 transfers from federal data entry. This amount never transfers to the beneficiary's Schedule K-1.
• Other additions can be entered on Screen COGen.

Subtractions:

• Tax refund from any state is transferred from federal data entry.
• US income net of expense is transferred from federal data entry.
  • Pension adjustment has a maximum of $20,000 and reports only the fiduciary portion of the following:
  • Railroad retirement
  • Lump sum distribution included as an addition
• Federal Screen 1099R data entry with a distribution code of 4; Death.
• Capital gain exclusion from Form DR1316 can be entered on Screen COCG, in the Income & Adjustments folder.
• Other subtractions can be entered on Screen COGen.

Colorado overview (1041)