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*24170519999*DR 1705 (07/18/23) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov Page 1 of 12024 SALT Parity Act Election Form A partnership or S corporation may, on an annual basis, elect to be subject
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What is dr 1705 salt parity?
DR 1705 salt parity is a form used by taxpayers to report and calculate their state and local tax deductions.
Who is required to file dr 1705 salt parity?
Taxpayers who want to claim state and local tax deductions on their federal income tax return are required to file DR 1705 salt parity.
How to fill out dr 1705 salt parity?
To fill out DR 1705 salt parity, taxpayers need to report their state and local tax information, calculate the deduction amount, and include it with their federal income tax return.
What is the purpose of dr 1705 salt parity?
The purpose of DR 1705 salt parity is to allow taxpayers to deduct their state and local taxes from their federal income tax return.
What information must be reported on dr 1705 salt parity?
Taxpayers must report their state and local tax payments, including income, property, and sales taxes, on DR 1705 salt parity.
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