Questions tagged [colorado]

Use this tag for questions related to rules and experiences specific to the State of Colorado in the United States.

Filter by
Sorted by
Tagged with
2
votes
1answer
106 views

Tenant disputing security deposit deductions can I add additional deductions?

Our tenant resided in the unit for 2 years and we took over managing it as the property manager was doing a poor job. Using the move in report from the previous manager we calculated deductions and ...
5
votes
4answers
2k views

Is an inspection contingency with “no money back” wasted verbiage?

We are the sellers. Our contract explicitly states 2 things: The Buyers can back out based on the inspection and receive earnest money back. Sellers will not provide money back at closing, or make ...
2
votes
1answer
69 views

How do I determine US state residency and income source for income tax filing?

This year I have a somewhat tricky situation for state income tax filing (US). I am a professor at a university in Colorado, but I'm spending the academic year in Connecticut on sabbatical leave, ...
3
votes
1answer
107 views

HSA over-contribution if I lose my job part way through the year

My employer provides my health insurance as part of my compensation and benefits package. It is a qualifying HDHP and as such every year I generally max out my HSA, either through payroll deductions ...
6
votes
0answers
94 views

State Income tax when splitting a day between states (in the USA)

First of all, I realize that when traveling to another state for employment it is commonplace to owe taxes in that state for the work performed+sourced in that state. Example: you work/live in ...
1
vote
3answers
193 views

Car Insurance Renewal Quote Negotiation

So, once again for the sixth time in a row I have ended up switching car insurer at the end of a 6 month policy term. Every time I received a renewal quote from the insurer I was with which was ...
20
votes
6answers
7k views

How to return a security deposit to a tenant

Very simply put: How should one return a security deposit to their tenant in such a way that there is proof I've fulfilled my responsibilities to do so? It is Colorado in this case and I see no such ...
1
vote
1answer
159 views

Colorado 529 withdrawal income tax recapture and AOTC

In Colorado contributions to the state 529 plan are deductible from State income taxes. These income taxes are recaptured if a non qualified withdrawal from the plan is made. My husband (the ...
0
votes
1answer
276 views

Taxes and health insurance: Find SLCSP (second lowest cost silver plan) before 1095As are issued

To do 2017 end-of-year tax planning, I need to know the second lowest cost silver plan (SLCP) for my Colorado zip code. I've tried searching my health insurer's site, the state marketplace site, and ...
3
votes
0answers
120 views

Capital Gains Tax Example - Question

My wife and I are semi-retired and have 3 children under 18. The capital gains rules confuse me (and are pretty depressing). Our reasons for selling the 1 house are to pay for a boat which we plan to ...
2
votes
1answer
204 views

Are there any downsides to regularly getting a condo appraised for tax purposes in the US?

I own a condo in a metropolitan downtown area of Colorado, USA. The housing market is very hot, and my property taxes are skyrocketing to the point where I can barely afford them. Part of the problem ...
7
votes
4answers
390 views

I'm under contract for a house, but I'm moving away suddenly. Still purchase as an investment?

I'm under contract for my first house. But I just got an outstanding job offer across the country that is almost double what I currently make. I will be moving. Purchase price for the house is 290k, ...
1
vote
1answer
121 views

Sell house in CO?

We bought a house in South Denver in 2003 for $245,000. We ended up moving and have rented the house since. Our current rent gives us an extra $1,000 which we put towards our new mortgage. We owe $...
1
vote
1answer
358 views

Do you need to have insurance on an unused car?

I'm buying a car and garaging it until I can fix it. Do I need to have insurance on it to be able to register it (so I won't get fined for not registering it) or can I just register it like that since ...