Colorado Payment for Automatic Colorado Extension for Estates or Trusts
Extracted from PDF file 2019-colorado-form-105.pdf, last modified September 2016
Payment for Automatic Colorado Extension for Estates or TrustsDR 0105 (10/09/19) COLORADO DEPARTMENT OF REVENUE Colorado.gov/Tax *190105==19999* (0033) 2019 Colorado Fiduciary Income Tax Return -or- Fiscal Year Beginning (MM/DD/19) Mark box here if this is a: Final Return Fiscal Year Ending (MM/DD/YY) Amended Return Name of estate or trust Colorado Account Number Name of fiduciary FEIN Address Date estate or trust created (MM/DD/YY) City State With respect to the tax year, did or will the estate or trust distribute more than $1,000 in Colorado-source income to nonresident beneficiaries? (mark one) Yes ZIP Round All Amounts to the Nearest Dollar No 1 00 2 00 3 00 4 5. Subtractions from federal 5 taxable income Explain: 6. Net modifications: sum lines 3 through 5. Then, subtract that sum from line 2. Use brackets for negative numbers. 6 00 7. Net modifications allocated to beneficiaries 7 00 8 00 9 00 10 00 11 00 1. Federal taxable income from federal form 1041 line 23 2. Additions to federal taxable income Explain: 3. Colorado Marijuana Business Deduction 4. Agricultural asset lease deduction. Enter CADA certificate number and submit a copy with your return. CADA Certificate Number 8. Net modifications allocated to the estate or trust, subtract line 7 from line 6 9. Colorado taxable income of the estate or trust, sum of lines 1 and 8 10. Normal Tax, 4.5% of the amount on line 9. Nonresident estates or trusts enter tax from Schedule E, line 8. You must submit Schedule E for nonresident estates or trusts with your return. 11. Alternative Minimum Tax from Schedule F, line 8. You must submit Schedule F with your return. 00 00 12. Sum of lines 10 and 11 12 00 13. Credits from Schedule G, line 12. You must submit Schedule G with your return. 13 14. Non-refundable Enterprise Zone credits - as calculated, or from DR 1366 line 87. You must submit the DR 1366 with your return. 14 00 00 *190105==29999* DR 0105 (10/09/19) COLORADO DEPARTMENT OF REVENUE Colorado.gov/Tax Name Account Number 15. Strategic capital tax credit from DR 1330, you must submit the DR 1330 with your return. 15 00 16. Sum of lines 13, 14, and 15. This total cannot exceed line 12. 16 00 17. Net tax, subtract line 16 from line 12 17 00 18. Estimated tax payments and credits 19. Colorado income tax withheld from wages, you must submit the W-2s and/or 1099s claiming Colorado withholding with your return. 20. W-2G withholding from lottery winnings, you must submit each W-2G with your return. 21. Gross conservation easement credit from form DR 1305G line 33. You must submit the DR 1305G with your return. 22. Innovative Motor Vehicle and Innovative Truck Credit from form DR 0617, you must submit each DR 0617 with your return. 23. Business Personal Property Credit: Use the worksheet in the 105 Book instructions to calculate, you must submit copy of assessor’s statement with your return. 24. Refundable Renewable Energy Tax Credit from form DR 1366, line 88, you must submit the DR 1366 with your return. 18 00 19 00 20 00 21 00 22 00 23 00 24 00 25. Sum of lines 18 through 24 25 00 26. Penalty, also include on line 28 if applicable 26 00 27. Interest, also include on line 28 if applicable 28. If amount on line 17 is greater than amount on line 25, enter amount owed. Include amounts, if any, from lines 26 and 27. 27 00 28 29. If line 25 is larger than line 17, enter overpayment 29 00 30. Overpayment to be credited to 2020 estimated tax 30 00 31. Overpayment to be refunded 31 00 Direct Deposit Routing Number Type: Checking Savings Account Number May the Colorado Department of Revenue discuss this return with the paid preparer shown below? See instructions. Yes No I declare under penalty of perjury in the second degree, that this return is true, correct and complete to the best of my knowledge and belief. Declaration of preparer is based on all information of which the preparer has any knowledge. Submit to Colorado.gov/RevenueOnline or mail to: If you are filing this return with a check or payment, please mail the return to: COLORADO DEPARTMENT OF REVENUE Denver, CO 80261-0006. If you are filing this return without a check or payment, please mail the return to: COLORADO DEPARTMENT OF REVENUE Denver, CO 80261-0005. Signature of fiduciary or officer representing fiduciary Date (MM/DD/YY) Person or firm preparing return Date (MM/DD/YY) The State may convert your check to a one-time electronic banking transaction. Your bank account may be debited as early as the same day received by the State. If converted, your check will not be returned. If your check is rejected due to insufficient or uncollected funds, the Department of Revenue may collect the payment amount directly from your bank account electronically. *190105==39999* DR 0105 Schedule (10/09/19) Schedules A and B (DR 0105) Note: If any Income Distribution Deduction was claimed for Federal Tax purposes,this page must be completed and submitted with your return. Name Account Number Schedule A — Names and Addresses of Beneficiaries — Use lines (a) through (e) for resident beneficiaries (a) (b) (c) (d) (e) — Use lines (f) through (j) for nonresident beneficiaries (f) (g) (h) (i) (j) Schedule B — Computation of the shares of the Colorado fiduciary adjustment. The Colorado fiduciary adjustment is to be allocated among the beneficiaries and the fiduciary in proportion to their share of the federal distributable net income. Share of federal distributable net income Beneficiary as per schedule A Amount Percent (a) % $ (b) % (c) % (d) % (e) % (f) % (g) % (h) % (i) % (j) % Subtotal % $ Fiduciary Total % $ 100% DR 0105 Schedule (10/09/19) *190105==49999* Schedules C and D (DR 0105) Note: If you utilize either of these schedules, this page must be submitted with your return. Name Account Number Schedule C — Computation of the percentage of federal distributable net income from Colorado sources for use in Schedule D, columns 7 and 8, in determining the modified federal income reportable to Colorado by nonresident beneficiaries. 1. Per Applicable Federal Form 1. Dividends 2. From Colorado Sources $ $ $ $ $ $ 2. Interest (Include exempt interest) 3. Partnership/Fiduciary income 4. Net rents and royalties 5. Net profit (loss) business 6. Other income 7. Total lines 1 through 6 8. Expenses 9. Federal distributable net income Percent of federal distributable net income from Colorado sources: (Divide line 9, column 2 by line 9, column 1.) % Schedule D—Beneficiaries Social Security Numbers/ITINs, Income, Modifications and Withholding 1. Resident Beneficiary’s 2. Federal Fiduciary Income 3. Schedule B Percentage 4. Fiduciary Adjustment SSN or ITIN (a) $ %$ (b) $ %$ (c) $ %$ (d) $ %$ (e) $ %$ 5. Nonresident Beneficiary’s SSN or ITIN 6. Federal Distributable Net Income 7. Schedule C Percentage 8. Income Reportable to Colorado 9. Colo. Withholding Required 4.63% of Column 8 (a) $ %$ $ 00 (b) $ %$ $ 00 (c) $ %$ $ 00 (d) $ %$ $ 00 (e) $ %$ $ 00 *190105==59999* DR 0105 Schedule (10/09/19) Name Schedule E (DR 0105) Note: If you utilize this schedule, this page must be submitted with your return. Account Number Schedule E — Part-Year Resident/Nonresident Estate or Trust Apportionment Schedule Federal Column 1. Income, specify type: Total Income 1 2. Deductions, specify: Colorado Column 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Total Deductions 2 00 00 3. Taxable income, subtract line 2 from line 1 3 00 00 4. Modifications from DR 0105 line 8 4 00 00 5. Modified taxable income, sum of lines 3 and 4 5 00 00 6. Amount on line 5, Colorado Column divided by amount on line 5, Federal Column 6 % 7. 4.5% of the amount on DR 0105 line 9 8. Amount on line 7 multiplied by percentage on line 6, enter here and on the DR 0105 line 10 7 00 8 00 *190105==69999* DR 0105 Schedule (10/09/19) Name Schedule F (DR 0105) Note: If you utilize this schedule, this page must be submitted with your return. Account Number Schedule F — Fiduciary Alternative Minimum Tax Computation Schedule Federal Column Colorado Column 1. Fiduciary’s share of federal alternative taxable income minus federal AMT exemption 1 00 00 2. Modifications from DR 0105 line 8 2 00 00 3. Sum of lines 1 and 2 3 00 00 4. 3.47% of the amount on line 3, federal column 4 00 5. Part-year/Nonresident estate or trust only, amount on line 3, Colorado column divided by amount on line 3, federal column 5 6. Part-year/Nonresident estate or trust only, amount on line 4 multiplied by percentage on line 5 6 7. Enter normal tax from DR 0105 line 10 8. Resident estate or trust enter amount by which line 4 is greater than line 7. Nonresident estate or trust enter amount by which line 6 is greater than line 7. Enter here and on DR 0105 line 11 % 00 7 00 8 00 *190105==79999* DR 0105 Schedule (10/09/19) Schedule G (DR 0105) Note: If you utilize this schedule, both pages must be submitted with your return. Name Account Number Schedule G — Fiduciary Credit Schedule 1. Credit for Tax Paid to Another State - Submit a copy of the relevant pages of each state’s tax return when claiming this credit. Such pages must include the adjusted gross income calculation, any disallowed federal deductions and the tax calculation for each state. Compute a separate credit for each state. The Department strongly recommends electronic filing for taxpayers with credits for more than one state. Failure to file electronically may result in delays processing your return. (a) (a) Name of other state (b) Total tax from the DR 0105 line 12 (b) 00 (c) Modified federal taxable income from sources in the other state (c) 00 (d) Total modified federal taxable income (d) 00 (e) Amount on line 1(c) divided by amount on line 1(d) (e) % (f) Amount on line 1(b) multiplied by percentage on line 1(e) (f) 00 (g) Tax liability to other state (g) 00 (h) 00 (a) Colorado tax on income subject to tax in both states (a) 00 (b) Other state’s effective tax rate (b) % (c) Total of both states’ tax rates, line 2(b) plus 4.5% (c) % (d) Percentage of credit, line 2(b) divided by line 2(c) (e) Total credit, line 2(a) multiplied by percentage on line 2(d) (d) % (e) 00 (h) Allowable credit the smaller of lines 1(f) or line 1(g) 2. Dual Resident Trust Credit for the state of: Attach a copy of the tax return filed with the other state. 3. Credit for prior year alternative minimum tax. See instructions 3 4. Subtotal of Credits unavailable for carryforward. Add lines 1(h), 2(e), and 3. 4 Column A - Credit Available 5. Credit for Remediation of Contaminated Land, you must submit the DR 0349 with your return 5 00 6. Preservation of Historic Structures credit (per §39-22- 514.5, C.R.S.) carried forward 6 00 from a prior year. 7. Preservation of Historic Structures credit per §39-22- 514.5, C.R.S., (attach certificate from Office of Economic Development or local 7 00 granting authority) 8. If you are claiming the Preservation of Historic Structures credit, enter your credit certificate number issued by OEDIT or History Colorado. 8 00 00 Column B - Credit Used 00 00 00 DR 0105 Schedule (10/09/19) *190105==89999* Name Schedule G (DR 0105) (cont’d) Note: If you utilize this schedule, both pages must be submitted with your return. Account Number Column A - Credit Available Column B - Credit Used 9. Credit for employer contributions to employee 529 plan, you must submit DR 0289 with your return. 9 00 00 10. Other Credits, explain below: 10 00 00 11 00 00 11. Subtotal of Credits available for carryforward. Add lines 5, 6, 7, 9, and 10, column A and B 12. Total credit used, sum of line 4 and line 11, column B. Enter the result here and transfer that amount to the DR 0105 line 13. 00 12 File and pay at: Colorado.gov/RevenueOnline If you are filing this return with a check or payment, please mail the return to: If you are filing this return without a check or payment, please mail the return to: COLORADO DEPARTMENT OF REVENUE Denver, CO 80261-0006 COLORADO DEPARTMENT OF REVENUE Denver, CO 80261-0005 These addresses and zip codes are exclusive to the Colorado Department of Revenue, so a street address is not required.
More about the Colorado Form 105 Estate Tax Extension
Colorado income tax returns are due the fifteenth day of the fourth month after the end of your tax year. If you are unable to file by your prescribed due date, you may file under extension. This will allow you an additional 6 months to file your return.
We last updated the Payment for Automatic Colorado Extension for Estates or Trusts in March 2020, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Colorado Department of Revenue. You can print other Colorado tax forms here.
Related Colorado Estate Tax Forms:
|Form Code||Form Name|
|Form DR 1059||Military Spouse -- Exemption from Withholding|
|Form 105EP||Estate / Trust Estimated Tax Voucher|
Colorado usually releases forms for the current tax year between January and April. We last updated Colorado Form 105 from the Department of Revenue in March 2020.
Form 105 is a Colorado Estate Tax form. The IRS and most states will grant an automatic 6-month extension of time to file income tax and other types of tax returns, which can be obtained by filing the proper extension request form. Obtaining an extension will prevent you from being subject to often very large failure-to-file penalties. However, in most cases this extension does not exempt you from the requirement to pay any tax owed in full by the return's original filing date.
About the Estate Tax
The IRS, and many states, impose an estate tax on the transfer of cash and property between a decedent and their beneficiaries. These taxes generally only apply to estates over a certain size threshold, generally several million dollars, and therefore only affects the largest few percent of estates in the United States.
Historical Past-Year Versions of Colorado Form 105
We have a total of eight past-year versions of Form 105 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
While we do our best to keep our list of Colorado Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.