Screen COTPWS - Colorado Tax Projection (1120)

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Overview

Use this screen to enter information you expect to be different in the next year. The application uses this data to calculate the Colorado Tax Projection Worksheet. This worksheet is based on current law and next year tax law differences (when known). Enter only the items you expect to be different for the coming year. If you don't expect a difference, leave the field blank to let the current-year amount to automatically transfer to the next-year column of the Colorado Tax Projection Worksheet. However, fields that are marked with an asterisk (*) in Screen COTPWS won’t automatically transfer the current year amount.

Tax and Payments

Tax (Force)
The application automatically calculated the total tax for next year by applying the current year tax rates to the projected taxable income. Use this field to override this calculated amount, if needed.
2026
estimated payments (Force)
Enter the total number of estimated tax payments that are projected for next year. If this field is blank, the application defaults to the sum of any payments reported on Forms 106EP - Colorado Composite Nonresident Estimated Tax Payment Form, plus any extra amounts paid that is reported in the Next year estimates already paid fields in Screen COEst.

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