Colorado Gross Conservation Easement Schedule
Extracted from PDF file 2019-colorado-form-dr-1305.pdf, last modified June 2017
Gross Conservation Easement Schedule*191305==19999* DR 1305 (07/19/19) COLORADO DEPARTMENT OF REVENUE Denver CO 80261-0005 Colorado.gov/Tax 2019 Gross Conservation Easement Donor Schedule Last Name or Business Name SSN First Name Colorado Account Number The appropriate parts of this form must be attached to your Colorado income tax return each year you have activity regarding a gross conservation easement credit or remaining addback of a related federal charitable deduction. A jointly filing couple should only submit one form. Middle Initial FEIN Tax Year Ending (YYYY) 2019 If your only activity is using credit transferred to you and/or carried forward from a previous year, then skip to part G and do not file this main form DR 1305. Part A: New Donors Complete this part if your name is on a new Tax Credit Certificate for this tax year. You must also submit the following attachments: 1) Federal Form 8283 / Summary of Qualified Appraisal 2) Tax Credit Certificate from Department of Regulatory Agencies 1. Did you make this easement donation in order to get a permit or other approval from a local or other governing authority? Yes No 2. Is this easement donation part of a series of transactions you have planned? If this is the first donation of a planned series, then mark “yes” even though it is possible Yes No that any future donations will not occur. Part B: Members Of Pass-Through Entity Donors Complete this part if you are a subsequent member of a donor entity. All members must file a return with this form in order to claim and qualify their allocated credit. 3. Name of pass-through donor AND any subsequent entity(s) through which this credit is allocated to you, if applicable. 4. Account Number(s) of the pass-through entity(s), if applicable. Part C: Donor Distribution of Credit Complete a separate copy of this part for each donation or tax credit certificate you are claiming for the first time, transferring, or passing through for this tax year. All donors must file a return with form DR 1305 in order to claim and qualify their allocated credit. 5. Date of donation (deed completed) (MM/DD/YY) 6. Tax Credit Certificate Number (for donations in 2011 and later) (Do not enter dashes or periods) 7. Did you claim a federal income tax deduction from this conservation easement? Yes. Complete Part D, unless you are a pass-through entity. No 8. Total potential credit from this donation or tax credit certificate for all donors. See the tax credit certificate and/or FYI Income 39 for the appropriate amount. 9. Your total percent interest in the easement. Always enter 4 digits after the decimal point (nnn.nnnn %) 10. Your total allocated credit from this donation or tax credit certificate, line 8 multiplied by line 9. 11. Credit transferred or carried forward by pass-through entity donor(s) on your behalf from this donation or tax credit certificate. $ % $ $ *191305==29999* DR 1305 (07/19/19) COLORADO DEPARTMENT OF REVENUE Denver CO 80261-0005 Colorado.gov/Tax Name Account Number 12. Credit you received from this donation or tax credit certificate, subtract line 11 from line 10 13. Total credit you transferred from this donation or tax credit certificate for previous tax years (through the extension date for your previous return, usually October 15). 14. Your credit remaining from this donation or tax credit certificate, subtract line 13 from line 12. 15. Total credit from this donation or tax credit certificate that you transferred for this tax year (through the extension date for this return, usually October 15). Provide detail in Part E. 16. Your credit to use or pass-through from this donation or tax credit certificate, subtract line 15 from line 14. If this amount is greater than $0, then you must account for it in Parts F and/or G. $ $ $ $ $ Part D: Donor Addback Of Federal Deduction Complete this part each year you claim, use, or carryforward a federal charitable deduction from a conservation easement. Addback Calculation 17. Total potential addback from this donation, including multiple tax credit certificates. Multiply line 9 by the total potential federal deduction from this donation for all donors, up to $9,950,000. 18. Addback in prior years from this donation, including multiple tax credit certificates. From New Easement Donations Only From All Prior Easement Donations Totals $ $ 19. Potential addback for this year. Subtract line 18 from line 17, and also enter the addback carried forward from all prior easement donations. $ 20. Addback for this year. Enter the smaller of Line 19 or your allowed federal deduction from these easements. Include the total as an addition to $ federal taxable income on your return. 21. Potential addback carried forward to next year, subtract line 20 from line 19. $ Parts E–G: Attach As Applicable For paper returns, these parts are on separate pages. $ $ $ $ $ $ Photocopy and submit additional pages as needed. For additional information regarding the gross conservation easement credit, see FYI Income 39 at Colorado.gov/Tax
Form DR 1305
More about the Colorado Form DR 1305 Corporate Income Tax TY 2019
The appropriate parts of this form must be attached to your Colorado income tax return each year you have activity regarding a gross conservation easement credit or remaining addback of a related federal charitable deduction. A jointly filing couple should only submit one form.
We last updated the Gross Conservation Easement Schedule in March 2020, so this is the latest version of Form DR 1305, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form DR 1305 directly from TaxFormFinder. You can print other Colorado tax forms here.
Related Colorado Corporate Income Tax Forms:
|Form Code||Form Name|
|Form DR 1305G||Gross Conservation Easement Credit Use Schedule|
|Form DR 1305-E||Gross Conservation Easement Credit Transfer Schedule|
|Form DR 1305F||Gross Conservation Easement Credit Pass-Through Schedule|
Colorado usually releases forms for the current tax year between January and April. We last updated Colorado Form DR 1305 from the Department of Revenue in March 2020.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Colorado Form DR 1305
We have a total of seven past-year versions of Form DR 1305 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.