Enlarge image | DR 1316 (09/20/21) COLORADO DEPARTMENT OF REVENUE Denver CO *131316==19999* Tax.Colorado.gov Page 1 of 1 Colorado Source Capital Gain Affidavit This form must be completely and accurately filled out to avoid requests for additional information and/or delays in processing your return. Taxpayer Last Name First Name Middle Initial SSN or Colorado Account Number Spouse Last Name (if applicable) First Name Middle Initial SSN or Colorado Account Number Provide the following information for each asset that qualifies under the requirements of the Colorado capital gain subtraction. Include any assets that resulted in a capital loss. Attach federal schedules and/or detailed explanation if needed. Attach additional sheets if needed. A. Provide a brief description of the nature of the capital gain(s). Include complete address of real property. 1. 2. B. If the gain is due to an installment sale, give the date of the original sale and attach a copy of federal Form 6252 to this form. Note: If the sale was prior to 1999, it does not qualify for the capital gain subtraction. 1. 2. C. If the gain is being passed through from another entity, list the name and account number of the pass-through entity and the length of time the taxpayer had ownership interest in the entity. 1. Entity 2. Entity Account Number Ownership Interest (length of time) Account Number Ownership Interest (length of time) D. Additional Information (must be completed) Note: When the sale of a sole proprietorship or business interest is treated as a sale of assets on the federal return, you must report the assets sold on this form (attach additional pages if necessary). Each asset must meet the capital gain subtraction requirements to qualify. Intangibles such as goodwill do not qualify. (a) Property (b) Date Acquired (c) Date Sold (d) Sale Price (e) Cost or (f) Gain or loss (mm/dd/yyyy) (mm/dd/yyyy) other basis 1. $ 0 0 $ 0 0 $ 0 0 2. $ 0 0 $ 0 0 $ 0 0 3. Total Gain or (Loss) $ 0 0 4. Net Capital Gain or (Loss) as reported on federal Form 1040 or 1040-SR $ 0 0 Maximum subtraction is $100,000 for tax years beginning on or after January 1, 2010 5. Colorado Source Capital Gain Subtraction, enter lesser of lines 3, 4, or $100,000 for tax years beginning on or after January 1, 2010. Enter here and on the DR 0104AD, DR 0105, DR 0106, or DR 0112. $ 0 0 Qualifying Colorado Source Capital Gains and Losses I attest that the taxpayer(s) shown above has no overdue state tax liabilities and is not in default on any contractual obligations owed to the state or to any local government within Colorado at the time the attached income tax return is being filed. Under penalties of perjury, I declare that to the best of my knowledge and belief, this affidavit is true, correct and complete. Signature, Taxpayer or Duly Authorized Individual Date (MM/DD/YY) Spouse Signature (if joint return, both must sign) Date (MM/DD/YY) Include a copy of federal Schedule D and/or Form 4797 with this form. |