evietax
Level 2
03-24-2022
05:22 PM
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Look at page 4 of the Colorado FYI publication on capital gain subtraction. In the section on limitations, it says that the $100,000 limitation applies to individual, estate, trust or corporation. If a passthrough entity has a qualifying sale, the limitation applies at the partner/shareholder/member level not at the entity level. All ownership requirements must be met by the partner/shareholder/member.