Colorado Partnership / S-Corporation Pass-Through Entities Tax Booklet

Partnership / S-Corporation Pass-Through Entities Tax Booklet
DR 0106, 2025 Colorado Partnership and S Corporation and Composite Nonresident Income Tax Return
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DR 0106 (09/19/25)
COLORADO DEPARTMENT OF REVENUE
Tax.Colorado.gov

Colorado Partnership and S Corporation Income Tax Return

This filing guide will assist you with completing your Colorado Partnership and S Corporation
Income Tax Return. Please read through this guide before starting your return. Once you finish
the form, file it with a computer, smartphone or tablet using our free and secure system at
Colorado.gov/RevenueOnline. You may also file using private e-File software or with a paid
tax preparer. Filing electronically significantly reduces the chance of errors. If you cannot file
electronically, mail your return as instructed.
All Colorado forms and publications referenced in this guide are available for download at
Tax.Colorado.gov — the official Taxation website.
If you are filing on paper, submitting an incomplete return will delay the processing of your return.
Please ensure you submit any supporting forms, schedules, and documentation as requested in the
instructions. All Colorado income tax forms and guidance publications are available at our official
website, Tax.Colorado.gov.
Every partnership and S corporation must file a DR 0106 for any year it is doing business in Colorado.
A partnership or S corporation is doing business in Colorado whenever it meets the criteria set forth
in Rule 39-22-301(1). Any group, organization, or business entity that is treated as a partnership for
federal income tax purposes, is treated as a partnership for Colorado income tax purposes, including
any limited liability company classified as a partnership for federal income tax purposes.

Amended Return

To report a change or correction to your return, you must complete a new DR 0106 and mark the
“Amended Return” box at the top of the form. Enter all fields even if the value has not changed from
the original return. Submit all schedules and supporting documentation, even if they were submitted
with the original return and have not changed.

What’s new this year?
Reconciliation of Advance Payments

A partnership or S corporation that elects to receive quarterly advance payments must complete and
file form DR 0619 with their return. On form DR 0619, they must indicate the total Innovative Motor
Vehicle and Truck Credits assigned to them for the tax year, the total Electric Bicycle Credits allowed
to them for the tax year, and the total amount of each credit they previously received through quarterly
advance payments. If the aggregate amount of advance payments received for the tax year exceeds
the amount of the credit allowed, the amount of the excess must be reported as a required repayment
on form DR 0619 and on line 23 of form DR 0106. If the aggregate amount of advance payments
for the tax year is less than the amount of the credit allowed, the amount of the difference may be
claimed as a credit on form DR 0619 and line 27 of form DR 0106.

General Instructions
Due Dates

You must file this return and pay any amount owed by the fifteenth day of the fourth month after
the close of the tax year, which is April 15 for calendar year filers. For filing your return there is an
automatic extension of six months, or until October 15 for calendar year filers. However, no extension
is available for payment. To make an extension payment before filing, see form DR 0158-N in this
book. If the due date falls on a weekend or legal holiday, return will be due the next business day.
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COLORADO DEPARTMENT OF REVENUE
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On or before the due date (including extensions), you must provide each partner or shareholder a copy
of their Colorado K-1 (DR 0106K). Copies of the Colorado K-1 must also be transmitted to the Colorado
Department of Revenue when you file this return. For more information on transmitting copies of the
Colorado K-1, refer to Tax.Colorado.gov/filing-requirement-changes-for-partnerships-and-s-corporations.

Nonresident Partners and Shareholders

Every partnership and S corporation that is required to file form DR 0106 that does not make an
election under the SALT Parity Act must file a composite return (Part II of form DR 0106) and make a
composite payment of tax on behalf of all of its nonresident partners or shareholders, except for the
following partners and shareholders:
• Any Colorado resident partner or shareholder, including partners and shareholders that are
residents of Colorado for only part of the tax year;
• Any nonresident partner that is a corporation or a partnership;
• Any nonresident partner or shareholder that is exempt from Colorado income tax under section 3922-112(1), C.R.S.; and
• Any nonresident partner or shareholder that timely files a Nonresident Partner or Shareholder
Agreement (form DR 0107).
Partnerships and S corporations that file a composite return must report on the Colorado K-1
they issue to each included nonresident partner or shareholder their share of the tax paid by the
partnership or S corporation with the composite return. Nonresident partners and shareholders
may file their own Colorado income tax returns and claim credit for their share of the tax paid by the
partnership or S corporation.

SALT Parity Act Election

Partnerships and S corporations may elect to be subject to Colorado income tax at the entity level.
The election is binding on all of the partners or shareholders, except for any partner that is a C
corporation that is unitary with the partnership. Partnerships and S corporations may make this
election, by checking box I on form DR 0106. The partnership or S corporation may also make the
election by filing form DR 1705 or by marking the SALT Parity Act election box on form DR 0106EP
filed with an estimated tax payment. Check the SALT Parity Election box on every Colorado K-1
issued to a partner or shareholder.
If a partnership or S corporation makes a SALT Parity Act election, its tax liability must be calculated
with respect to all partners or shareholders (including both residents and nonresidents), except for
any partner that is a C corporation that is unitary with the partnership. Each partner or shareholder
must also file a return, except that a nonresident individual partner or shareholder whose only
Colorado source income is from the partnership or S corporation making the SALT Parity Act election
is not required to file a return. A partnership or S corporation that makes a SALT Parity Act election
may not also make a composite return on behalf of nonresident partners or shareholders.
Each partner or shareholder is allowed a credit against their Colorado income tax liability equal to the
share of the tax imposed upon and paid by the entity with respect to the partner’s or shareholder’s
income. All other credits are passed through to the partner or shareholder and must be claimed on
the return filed by the partner or shareholder along with the refundable SALT Parity Act credit. When
a partnership or S corporation makes the SALT Parity Act election, all partners or shareholders must
add back any deduction taken under section 199A of the Internal Revenue Code.
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Estimated Tax Payments

In general, a partnership or S corporation must remit quarterly estimated payments if its net Colorado
tax liability for the year either with a composite nonresident return or as a result of a SALT Parity
Act Election exceeds $5,000. The rules for calculating a partnership’s or S corporation’s required
estimated payments are generally the same as the rules for calculating a C corporation’s estimated
tax payments. Please see Part 9 of the Colorado Corporate Income Tax Guide.
Use form DR 0233 to calculate the estimated tax penalty, if any. If an estimated tax penalty is due,
enter the penalty on line 31 of form DR 0106 and submit a copy of form DR 0233 with the return.
Partnerships and S corporations making estimated payments must remit payment with
form DR 0106EP.

Colorado K-1 (DR 0106K)

Partnerships and S corporations must complete a Colorado K-1 (DR 0106K) for each of their partners
and shareholders for each tax year. Completed Colorado K-1s must be filed with the Department,
as described later in these instructions. On or before the date the Colorado K-1s are filed with the
Department, the partnership or S corporation must furnish each partner or shareholder with a copy of
the Colorado K-1 reporting their income, deductions, modifications, and credits.
Partnerships and S corporations must also advise partners and shareholders of their share of any
taxes paid by the entity to another state so they can compute the credit for tax paid to other state(s),
and the related state income tax addback. Refer to Rules 39-22-104(3)(d) and 39-22-108 for more
information. Detailed instructions regarding modifications and credits are provided with the Colorado
K-1 (DR 0106K).

Apportionment and Sourcing of Income

Partnerships and S corporations doing business in more than one state must apportion or source the
income of their partners and shareholders who are nonresident individuals, nonresident estates, or
nonresident trusts as described below.
The partnership or S corporation must compute each of these nonresident partner’s or shareholder’s
share of income and other items that is attributable to Colorado and show the amount attributable to
Colorado on the Colorado K-1 (DR 0106K).
The income of resident partners or shareholders and partners that are corporations or partnerships
generally is not apportioned or sourced in the same manner. See the instructions below for
additional information.

Partnerships

For partners who are nonresident individuals, nonresident estates, or nonresident trusts, the
Colorado-source income resulting from partnership activity is generally determined pursuant to
section 39-22-109, C.R.S. (Direct Sourcing), or, at the partnership's election, apportioned and
allocated pursuant to section 39-22-303.6, C.R.S. (Receipts-Factor Apportionment). The ordinary
income of a partnership will generally be sourced using receipts-factor apportionment even if the
partnership does not elect to apportion and allocate all income using this method.
Any partnership that has partners (such a C corporations) that are required to apportion and allocate
income under section 39-22-303.6, C.R.S., must complete Part V of form DR 0106 in accordance
with section 39-22-303.6, C.R.S., to determine the amounts to enter on lines 14 and 15 of each form
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DR 0106K the partnership prepares for these partners. If a partnership has any such partners, it
must complete Part V of form DR 0106 in accordance with section 39-22-303.6, C.R.S., regardless
of whether it elects to use direct sourcing under section 39-22-109, C.R.S., for its partners that are
nonresident individuals, estates, and trusts and checks the "other" box on line 11 of form DR 0106.

S Corporations

Section 39-22-321(1) and (2), C.R.S., requires S corporations to apportion and allocate income
pursuant to section 39-22-303.6, C.R.S. (Receipts-Factor Apportionment).

Direct Sourcing

Each item of income, gain or loss, is sourced separately to determine whether it is derived from
sources within Colorado. In general, items are considered to be derived from sources within Colorado
when they are attributable to:
• The ownership of any interest in real or tangible personal property in Colorado (see Rule
39-22-109(3)(a));
• A business, trade, profession, or occupation carried on in Colorado (see Rule 39-22-109(3)(b)); or
• Intangible property, including annuities, dividends, interest, and gains from the disposition of
intangible property, to the extent such income is from property employed in a business, trade,
profession, or occupation carried on in Colorado (see Rule 39-22-109(3)(e).
Please see section 39-22-109, C.R.S., and Rule 39-22-109 for additional guidance in determining
Colorado-source income.
Direct sourcing under section 39-22-109, C.R.S., applies only to partners that are nonresident
individuals, nonresident estates, and nonresident trusts (except that direct sourcing may be used in
calculating the tax liability of a partnership that makes a SALT Parity Act election for all nonresident
partners included in the return). See sections 39-22-109(1), 39-22-403, and 39-22-404, C.R.S. Apart
from a SALT Parity Act election, direct sourcing under section 39-22-109, C.R.S., does not apply
to any other types of partners, such as partners that are corporations, upper-tier partnerships, or
resident individuals.

Receipts-Factor Apportionment

Under formulary apportionment, income from business activity that is taxable both within and outside
Colorado is apportioned and allocated in the same manner as the income of a C corporation.
Apportionable income must be apportioned using the receipts factor. Nonapportionable income
may either be directly allocated to the appropriate state or treated as apportionable income, subject
to receipts-factor apportionment. Complete and include Part V with your return if you are sourcing
income using receipts-factor apportionment. For more information on apportionment and allocation,
refer to Part 6 of the Colorado Corporate Income Tax Guide.

Not Apportioning Income

If a partnership or S corporation has no income from business activity outside Colorado, then the
partnership or S corporation will source 100% of its income to Colorado.

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DR 0106 Instructions
Taxpayer Information
Enter the following information for the partnership or S corporation:
• Fiscal year beginning and ending dates if the tax year is not a calendar year. You must use the
same tax year for Colorado as for federal tax purposes;
• Mark if this is an amended return;
• Legal name and, if applicable, “doing business as” or trade name;
• Colorado Account Number (C A N), which is 8 digits and is also used on sales tax and wage
withholding forms;
• Federal Employer Identification Number (F E I N); and
• Mailing address, for the Department to send letters regarding your income tax account.
Listed or Reportable Transaction
Mark if you are required to report a federal listed or reportable transaction, or a Colorado listed
transaction. You must also attach I R S form 8886 or Colorado form DR 1831, as applicable. Refer to
sections 39-22-651 through 659, C.R.S., and the related rules, for further information.
Box A Legal Form
Mark the box that represents the true legal form of the partnership or S corporation filing this return.
Boxes B and C Depreciable Assets
Enter the beginning and ending depreciable assets from the federal return net of any accumulated
depreciation. Refer to line 10b (columns (b) and (d)) of Schedule L of I R S form 1120-S or line 9b
(columns (b) and (d)) of Schedule L of I R S form 1065), as applicable.
Box D Principal Business Activity
Enter a short description of the partnership’s or S corporation’s principal business activity or
profession including the principal product or service.
Box E Commencement Date
Enter the date the partnership was organized or the S corporation was incorporated, as applicable.
Box F Final Return
If this is the partnership’s or S corporation’s final Colorado income tax return, mark box F.
Box G Federal Changes
Mark this box G if, for any of the previous four tax years:
• The I R S made any adjustments to the partnership’s or S corporation’s federal income tax return,
including any adjustments resulting from a waiver of restrictions on assessment and collection of
deficiency, acceptance of overassessment, acceptance of an examining officer’s findings, notice of
final partnership adjustments, or otherwise; or
• The partnership or S corporation filed an amended federal return, a federal claim for refund, or a
federal administrative adjustment request.
Provide the date of the adjustment and explain the nature of the adjustment in the space
under this Box G.
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Box H Number of Partners or Shareholders
Enter the number of partners or shareholders as of the end of the tax year.
Box I SALT Parity Act Election
Mark this box I to elect to be subject to tax at the entity level under the SALT Parity Act (section 3922-343, C.R.S.). Mark this box I if the partnership or S corporation previously filed an election on form
DR 1705 or DR 0106EP. This election is binding for this tax year on all partners and shareholders,
regardless of whether the partner or shareholder is an individual, corporation, partnership, or other
legal entity, and regardless of whether the partner or shareholder is a resident or nonresident,
except that the election does not apply to any partner that is a C corporation that is unitary with the
partnership. Complete Part III of this return. Do not complete Part II of this return. Mark the SALT
Parity Election box on all Colorado K-1 forms (DR 0106K) and complete the forms accordingly.

Part I: Income and Modifications
Line 1 Ordinary Income or (Loss)
Enter the ordinary income or (loss) from line 1 of federal Schedule K (I R S form 1065). Enter income and
gains as positive numbers; enter losses and deductions as negative numbers. For paper returns, put
negative amounts in parentheses, for example, ($1,234).
Line 2 Other Income or (Loss)
Enter the total of all other income listed on federal Schedule K. For partnerships, this is the total of the
amounts entered on lines 2, 3c, 4c, 5, 6a, 7, 8, 9a, 10 and 11 of federal Schedule K (I R S form 1065).
For S corporations, this is the total of the amounts entered on lines 2, 3c, 4, 5a, 6, 7, 8a, 9 and 10 of
federal Schedule K (I R S form 1120-S). Also include any gain or loss on the sale, exchange, or other
disposition of property reported on a statement attached for line 20c of Schedule K (I R S Form 1065) or
line 17d of Schedule K (I R S Form 1120-S) for which a section 179 deduction has been passed through
to partners or shareholders. Enter income and gains as positive numbers; enter losses and deductions
as negative numbers. For paper returns, put negative amounts in parentheses, for example, ($1,234).
Line 3 Business meals addition
Enter the Business meals deducted pursuant to section 274(k) of the Internal Revenue Code reported
in Column A on line 10 of the Colorado K-1s (DR 0106K) prepared by the partnership or S corporation
for its partners or shareholders.
Line 4 Other modifications increasing federal income
Enter the total additions reported in Column A on lines 9 and 11 of the Colorado K-1s (DR 0106K)
prepared by the partnership or S corporation for its partners or shareholders.
Line 5 Subtotal
Sum of lines 1 through 4.
Line 6 Federal Deductions
Enter the total federal deductions reported on line 12 of the Colorado K-1s (DR 0106K) prepared by
the partnership or S corporation for its partners or shareholders. Enter the deductions on this line 6 as
a positive number.

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Line 7 Colorado Marijuana and Natural Medicine Business Deduction
For Colorado-licensed marijuana and natural medicine businesses, enter the amount of any
expenditure that is eligible to be claimed as a federal income tax deduction but is disallowed by
section 280E of the Internal Revenue Code because marijuana and natural medicine are controlled
substances under federal law.
To calculate this subtraction, you must prepare a pro forma I R S Form 1065 or 1120-S (and
associated schedules) without regard to section 280E. The Colorado deduction is the difference
between the ordinary business income (loss) calculated on the actual I R S Form 1065 or 1120-S and
the pro forma I R S Form 1065 or 1120-S. You must submit the pro forma federal forms and schedules,
the actual federal forms and schedules, and your license number from the Colorado Marijuana
Enforcement Division (M E D) or Natural Medicine Division (N M D) with your Colorado return. Enter the
subtraction on this line 7 as a positive number.
Line 8 Other Modifications Decreasing Federal Income
Enter the total subtractions reported on line 13 of the Colorado K-1s (DR 0106K) prepared by the
partnership or S corporation for its partners or shareholders, excluding any Colorado marijuana and
natural medicine business subtraction reported on line 7 of form DR 0106. Enter the deductions on
this line 8 as a positive number.
Line 9
Enter the sum of lines 6 through 8.
Line 10 Modified Federal Taxable Income
Subtract line 9 from line 5.
Line 11 Apportionment and allocation method
Partnerships
• If the partnership has no income from business activity outside of Colorado, mark the box
indicating that all income is Colorado income.
• For a partnership with income from sources within and outside of Colorado, refer to the general
instructions for Apportionment and Sourcing of Income to determine the proper sourcing method.
• If the partnership is making an election under section 39-22-203(1)(a), C.R.S., to apportion or
allocate income pursuant to section 39-22-303.6, C.R.S., mark the Part V box and complete Part
V of this form.
• If the partnership is using direct sourcing, mark the Other box.
S Corporations
• If the S corporation has no income from business activity outside of Colorado, mark the box
indicating that all income is Colorado income.
• For an S corporation with income from sources within and outside Colorado, mark the Part V box
and complete Part V of this form.

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COLORADO DEPARTMENT OF REVENUE
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Part II: Composite Return
Complete lines 12 through 16 of this form only if a composite return is being filed for
nonresident partners or shareholders. If the partnership or S corporation is making a SALT
Parity Act Election (see Box I), then do not complete Part II, but go to Part III.
Refer to the general instructions for nonresident partners and shareholders for more information
about composite returns and other options.
Line 12 Colorado-source income
Enter the Colorado-source income of the nonresident partners or shareholders who are included in this
composite return. This amount should equal the sum of the amounts on lines 1 through 3 and lines 5
through 13 in column B of the Colorado K-1 (DR 0106K) for all nonresident partners or shareholders
included in this composite return. Do not include guaranteed payments from line 4 of the Colorado K-1.
Nonresident partners with Colorado-source guaranteed payments must file their own Colorado income
tax return to report guaranteed payments and pay any applicable Colorado income tax.
In computing this amount do not include any of the following partners or shareholders:
• Partners that are corporations or partnership;
• Resident partners or shareholders; or
• Partners or shareholders whose net Colorado-source income is negative (sum of the amounts on
lines 1 through 3 and lines 5 through 13 in column B of the Colorado K-1 (DR 0106K)).
Line 13 Colorado Tax
Multiply the amount on line 12 by 4.4% (0.044). If a composite return is filed, the amount reported on
line 13 of form DR 0106 must equal the sum of the amounts reported on line 16 of the Colorado K-1s
(DR 0106K) of all nonresident partners or shareholders included in the composite return.
Line 14 Credits from the DR 0106CR
Enter the nonrefundable tax credits from the Colorado Partnership and S Corporation Credit Schedule
(DR 0106CR) line 38, Column C that are allocated to the nonresident partners or shareholders
included in the composite return and applied toward tax on the composite return. The partnership or
S corporation may claim a credit allocated to a nonresident partner or shareholder only to the extent
that the nonresident partner or shareholder could have, under any applicable restrictions, claimed the
credit on a return they filed. To the extent the credit exceeds the composite payment with respect to the
partner or shareholder, the amount not applied to the composite payment is passed through to and may
only be claimed by the partner or shareholder. Do not include any amounts from Column B on this line.
Every partnership and S corporation must submit a completed form DR 0106CR with its return.
Line 15 Gross Conservation Easement Credit
Enter the gross conservation easement credit allocated to the nonresident partners or shareholders
included in the composite return and applied toward tax on the composite return. This amount must
match form DR 1305G line 33, and you must submit DR 1305G with your return.
Line 16 Net Tax
Add lines 14 and 15, then subtract that sum from line 13. The sum of lines 14 and 15 may not exceed
the amount on line 13.
If you completed lines 12-16, then skip Part III and go to Part IV.
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Part III: SALT Parity Act Income Tax Return
Complete lines 17 through 20 only if the partnership or S corporation is making a SALT
Parity Act election for this tax year. Refer to the general instructions regarding SALT Parity
Act elections, and the instructions for Box I, for more information. If the partnership or S
corporation is making a SALT Parity Act election, do not complete Part II of this form.
Line 17 Resident Income
Enter the total of all resident partners' or shareholders' income, excluding any resident partner whose
net income from the partnership is negative. This amount should equal the sum of the amounts on
lines 1 through 3 and lines 5 through 13 in column A of the Colorado K-1 for all resident partners or
shareholders, except for any resident partner whose net income from the partnership is negative.
Line 18 Nonresident Income
Enter the total of all nonresident partners' or shareholders' Colorado-source income, excluding any
nonresident partner whose net income from the partnership is negative. This amount should equal the
sum of the amounts on lines 1 through 3 and lines 5 through 13 in column B of the Colorado K-1 for
all nonresident partners or shareholders, except for any nonresident partner whose net income from
the partnership is negative.
Line 19 Colorado Taxable Income
Enter the sum of lines 17 and 18.
Line 20 Colorado Tax
Multiply line 19 by 4.4% (0.044).

Part IV: Computation of Amount Owed or Overpayment
Line 21 Colorado Tax
Enter the amount from either line 16 (Part II) or line 20 (Part III) of this form. Part II and Part III should
not both be completed, as a partnership or S corporation may file a composite return (by completing
Part II) or make a SALT Parity Act election (and complete Part III), but it may not do both.
Line 22. In-Lieu-Of Amount
If a partnership's 2025 federal return was audited by the I R S and the partnership has made an
election pursuant to section 39-22-601.5(3)(d), C.R.S., to pay an amount in lieu of taxes owed by its
direct and indirect partners, the partnership must file an amended 2025 Colorado return and enter on
line 22 the in-lieu-of amount determined under section 39-22-601.5(3)(e), C.R.S.
Line 23 Repayment of Credit from Form DR 0619
Enter the sum of the amounts on lines 4 and 11, if any, from form DR 0619.
Line 24 Net Tax, In-Lieu-of Amount, and Required Repayment
Enter the sum of the amounts on lines 21, 22, and 23.
Line 25 Estimated Tax, Extension Payments, and Credits
Enter the total credit for prepayments. Carefully review your payment records and include the following:
• Estimated tax payments for 2025 (verify at Colorado.gov/RevenueOnline);
• Any overpayment from 2024 that was carried forward to 2025;
• Extension payments remitted with the DR 0158-N; and
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• Payments remitted with the DR 1079 to satisfy withholding requirements for the sale of Colorado
real estate that closed during the tax year for which you are filing this return. You must submit the
DR 1079 with your return.
Line 26 Withholding from Lottery or Gambling Winnings
Enter the total of any Colorado withholding reported on Form W-2G from lottery or gambling winnings.
This will not apply to most taxpayers. You must submit the W-2G(s) with your return.
Line 27 Additional Credit from form DR 0619
Enter the additional credit from form DR 0619, line 3 or 10.
Line 28
Enter the sum of lines 25, 26, and 27.
Line 29 Delinquent Payment Penalty
If 90% of the tax is not paid by the original due date (without extension), you must add a delinquent
payment penalty. The penalty is the greater of $5 or 5% of the additional tax due for the first month
of delinquency and 0.5% for each additional month up to a maximum of 12%. A delinquent payment
penalty will also apply if the remaining tax due is not paid by the extension due date.
Line 30 Interest
Interest is due on any unpaid tax balance paid after the original due date (without extension). For information
about calculating interest, see Department guidance publication Tax Topics: Penalties and Interest.
Line 31 Estimated Tax Penalty
Enter the amount from DR 0233 line 22, and submit the DR 0233 with the return. This penalty is due if:
• The partnership or S corporation is filing a composite return or making a SALT Parity Act election;
• The net tax liability is greater than or equal to $5,000; and
• Any of the required quarterly estimated tax payments were not remitted.
If the amount paid exceeds the Department's calculations, any overpayment will be refunded to you.
Line 32 Amount Owed
If line 24 is greater than line 28, subtract line 28 from line 24 and add any penalty or interest due from
lines 29, 30, and 31.
Line 33 Overpayment
If line 28 is greater than line 24, subtract line 24 from line 28.
Line 34 Estimated Tax Credit
Enter the amount from line 33 that you want to credit to next year's estimated tax.
Line 35 Refund Amount
Subtract line 34 from line 33.
Direct Deposit: You have the option of authorizing the Department to directly deposit these funds into your
bank account. Otherwise, a refund check will be mailed to the address you have designated on this return.
Enter the routing number, account number, and account type. The routing number is 9 digits. Account
numbers can be up to 17 characters with numbers and letters. Include hyphens, but do not enter
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spaces or special symbols. Contact your financial institution to ensure you are using the correct
information and they will honor a direct deposit.
Intercepted Refunds: The Department will intercept your refund if you owe taxes or other debts to
the State of Colorado or the I R S.

Paid Preparer Authorization

Mark the "Yes" box to appoint the paid preparer entered on the return as the designee to receive and
inspect confidential tax information related to this tax return. If a firm or organization is listed, this tax
information authorization will apply to any of its employees. A designee may:
• Call for information about the return, including processing time and refund status;
• Request copies of notices, bills or transcripts related to the return; and
• Respond to inquiries regarding calculations and supporting documentation for the return.
However, a designee cannot sign any form or protest, request any other change to the account, receive any
refund, or otherwise represent or act on behalf of the taxpayer with the Colorado Department of Revenue.
This authorization expires four years after the date the return is signed. A taxpayer may change or revoke
it, or an appointee may withdraw from it. For more information, see the instructions for form DR 0145.

Signature and Preparer

The law requires the return to be signed under penalty of perjury. The return must be signed by a
partner duly authorized to act on behalf of the partnership or an officer of the S corporation that is duly
authorized to act on its behalf.
If the return was prepared by a paid preparer, enter the preparer’s name and phone number.
File and Pay
You may file this return and pay any amount due using our free and secure system at
Colorado.gov/RevenueOnline.
If you are mailing this return with a check or payment, send it to:
Colorado Department of Revenue
Denver CO, 80261-0006
If you are mailing this return without a check or payment, send it to:
Colorado Department of Revenue
Denver CO, 80261-0005

11

DR 0106 (09/19/25)
COLORADO DEPARTMENT OF REVENUE
Tax.Colorado.gov
Page 1 of 5

*250106==19999*

2025 Colorado Partnership and S Corporation Income Tax Return
Fiscal Year Beginning (MM/DD/25) Fiscal Year Ending (MM/DD/YY)

(0043)

Mark for Amended Return
Name of Organization

Colorado Account Number (C A N)

Doing Business As

Federal Employer ID Number (F E I N)

Address

City

State

ZIP

If you are including a statement disclosing a listed or reportable transaction, mark this box
A. This return is being filed for (mark one):
Partnership

S Corporation

LLC

LP

LLP

LLLP

Association

B. Beginning depreciable assets from federal return

C. Ending depreciable assets from federal return

D. Business or profession

E. Date of organization or incorporation (MM/DD/YY)

Non-Profit

F. If this is a final return, mark this box

G. If the I R S has made any adjustments to your federal return or you have
filed amended federal returns during the last four years, mark this box:

H. Number of partners or shareholders as of year end

Explain:

I. If this partnership or S corporation is electing to be subject to tax at the entity level under the SALT
Parity Act (section 39-22-343, C.R.S.) for this income tax year, mark this box.
Round to the
nearest dollar

Part I: Income and Modifications
1. Ordinary income from federal Schedule K

1

00

2. Sum of all other income

2

00

3. Business meals deducted pursuant to section 274(k) of the Internal Revenue Code

3

00

4. Other modifications increasing federal income

4

00

5. Sum of lines 1 through 4

5

00

6. Allowable deductions from federal Schedule K

6

00

7. Colorado Marijuana and Natural Medicine Business Deduction

7

00

8. Other modifications decreasing federal income

8

00

9. Sum of lines 6 through 8

9

00

*250106==29999*
Name of Organization (match page 1)

C A N or F E I N (match page 1)

10. Modified federal taxable income, subtract line 9 from line 5
11. Apportionment and allocation method:
Part V

Form 106

DR 0106 (09/19/25)
COLORADO DEPARTMENT OF REVENUE
Tax.Colorado.gov
Page 2 of 5

Other (include explanation)

10

00

Income is all Colorado Income
11

Part II: Composite Nonresident Income Tax Return

Do not complete lines 12-16 unless you are filing a composite nonresident return.
12. Colorado-source income of nonresident partners or shareholders electing
to be included in this composite filing.

12

00

13. Tax; 4.4% of the amount on line 12
13
14. Credits from the DR 0106CR line 38 column C, you must include the
DR 0106CR with your return.
14
15. Gross Conservation Easement credit allocated to these partners or shareholders
from the DR 1305G line 33. You must submit the DR 1305G with your return.
15
16. Net tax, sum of lines 14 and 15, then subtract this sum from line 13. The sum
of lines 14 and 15 may not exceed the amount on line 13.
16

00

Part III: SALT Parity Act Income Tax Return

00
00
00

Do not complete lines 17-20 unless you are filing a return for a partnership or S corporation making the election under
the SALT Parity Act.
17. Resident partners' or shareholders' total share of income

17

00

18. Colorado-source income of nonresident partners or shareholders
19. Colorado taxable income of partnership or S corporation,
sum of lines 17 and 18

18

00

19

00

20. Net Tax; 4.4% of the amount on line 19

20

00

21

00

22

00

23

00

24

00

25. Estimated tax, extension payments, and credits

25

00

26. Withholding from lottery or gambling winnings
27. Additional credit from form DR 0619, line 3 and 10, you must submit
the DR 0619 with your return.

26

00

27

00

28. Subtotal; sum of lines 25, 26, and 27

28

00

29. Penalty (include on line 32)

29

00

30. Interest (include on line 32)

30

00

Part IV: Computation of Amount Owed and Overpayment
21. Enter the amount from line 16 or line 20, whichever applies
22. In-lieu-of amount determined under section 39-22-601.5(3)(e), C.R.S., for
partnership audit adjustment
23. Repayment of credit from form DR 0619, lines 4 and 11, you must submit the
DR 0619 with your return
24. Net Tax, In-Lieu-of Amount, and Required Repayment;
sum of lines 21, 22, and 23

*250106==39999*

Form 106

DR 0106 (09/19/25)
COLORADO DEPARTMENT OF REVENUE
Tax.Colorado.gov
Page 3 of 5

Name of Organization (match page 1)

C A N or F E I N (match page 1)

31. Estimated Tax Penalty (include on line 32)

31

32. If line 24 is greater than line 28, enter amount owed

32

33. Overpayment, subtract line 24 from line 28

33

00

34. Overpayment to be credited to the next year's estimated tax

34

00

35. Overpayment to be refunded

35

00

00

I declare this return to be true, correct and complete under penalty of perjury in the second degree.
Declaration of preparer is based on all information of which preparer has any knowledge.

Direct
Deposit

Routing Number

Type:

Checking

Savings

Account Number

Do you want to allow the paid preparer entered below to discuss this return and any related
information with the Colorado Department of Revenue? See the instructions.

Yes

Signature of partner or signature and title of officer

Date (MM/DD/YY)

Person or firm preparing return (name and phone number)

Date (MM/DD/YY)

No

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.

File and pay at: Colorado.gov/RevenueOnline
If you are filing this return with a check or payment, If you are filing this return without a check or payment,
please mail the return to:
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.

*250106==49999*

DR 0106 (09/19/25)
COLORADO DEPARTMENT OF REVENUE
Tax.Colorado.gov
Page 4 of 5

Name of Organization (match page 1)

Form 106
Part V

C A N or F E I N (match page 1)

Part V: Apportionable Income Apportioned to Colorado by use of the Receipts Factor

Do not send federal return forms or schedules with this return. Complete this form in accordance with section
39-22-303.6 C.R.S., and the regulations thereunder.
1. Total modified federal taxable income from the DR 0106, Part I, line 10
Apportionable Income Apportioned to Colorado by use of the Receipts Factor
Do Not Include Foreign-source income modified out on the DR 0106, Part I, Line 8
Colorado
Everywhere
2. Gross receipts from the sale of
00
tangible personal property
2
3. Gross receipts from the sale of
00
services
3
4. Gross receipts from the sale, rental,
00
lease, or license of real property
4
5. Gross receipts from the rental, lease, or
00
license of tangible personal property 5
6. Gross receipts from the sale, rental, lease,
00
or license of intangible property
6
7. Distributive share of partnership
00
factors
7
8. Total receipts (total of lines 2
00
through 7 in each column)
8
9. Line 8 (Colorado) divided by line 8 (Everywhere)
9
Complete lines 10 and 13 only if nonapportionable income is being directly allocated.
If all income is being treated as apportionable income, enter 0 (zero) on lines 10 and 13.

1

00

00
00
00
00
00
00
00
%

10. Less income directly allocable to any state, including Colorado:
(a) Net rents and royalties from real or tangible property

00

(b) Capital gains and losses

00

(c) Interest and dividends

00

(d) Patents and copyright royalties

00

(e) Other nonapportionable income

00
10

00

11. Modified federal taxable income subject to apportionment, subtract line 10(f) from line 1

11

00

12. Income apportioned to Colorado, line 9 multiplied by line 11

12

00

(f) Total income directly allocable [add lines (a) through (e)]

*250106==59999*

DR 0106 (09/19/25)
COLORADO DEPARTMENT OF REVENUE
Tax.Colorado.gov
Page 5 of 5

Name of Organization (match page 1)

Form 106
Part V

C A N or F E I N (match page 1)

13. Add income directly allocable to Colorado:
(a) Net rents and royalties from real or tangible property

00

(b) Capital gains and losses

00

(c) Interest and dividends

00

(d) Patents and copyright royalties

00

(e) Other nonapportionable income

00

(f) Total income directly allocable [add lines (a) through (e)]

13

00

14

00

14. Total income apportioned and allocated to Colorado, sum of lines 12 and 13(f).
15.

Pursuant to §39-22-303.6(8) C.R.S., taxpayer elects to treat all income as apportionable income for the tax
year covered by this return.