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Level 7
February 18, 2023
Question

Colorado DR 0106EP SALT Parity Election Estimated Tax Forms

  • February 18, 2023
  • 1 reply
  • 15 views

I am preparing an 1120-S and the entity is making the Colorado SALT Parity election.

The entity is required to make 2023 state estimated tax payments. However, the estimated tax forms (DR 0106EP) are not included in PS. The forms aren't even listed in the tax form availability.

How do we provide the 2023 estimated tax forms for our clients?

Thank you.

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1 reply

Level 2
March 2, 2023

I had my clients set up those payments online because of this. I couldn't find a work around on that. 

Level 6
March 8, 2025

Hi, I'm in Colorado as well. Just to make sure, when electing the parity act, Scorps can deduct the 2023 State income tax paid and estimates on their 2024 return? 

sjrcpa
Level 15
March 8, 2025

Yes. that's the whole point as a workaround to the individual $10K SALT cap.

The more I know the more I don’t know.