Colorado Capital Gain Affidavit
Extracted from PDF file 2019-colorado-form-dr-1316.pdf, last modified September 2013
Capital Gain AffidavitDR 1316 (08/30/13) COLORADO DEPARTMENT OF REVENUE Denver, CO 80261-0005 www.TaxColorado.com *131316==19999* 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 refund. Taxpayer Last Name First Name Middle Initial SSN or Colorado Account Number Spouse Last Name (if applicable) First Name Middle Initial SSN 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 gains(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 due to the sale of stock, list the qualifying property and payroll factors of the corporation for the most recent five years. Beginning 1/1/2010, the sale of stock and/or ownership interest does not qualify. 1. Year Year Property Year Property % Payroll Year Property % Payroll % 2. Property % Payroll % Year Property % Payroll % Year Property % Payroll % Year Property % Payroll % Year Property % Payroll % Year Property % Payroll % Year Property % Payroll % % Payroll % % D. 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 Account Number 2. Entity Ownership Interest (length of time) Account Number Ownership Interest (length of time) E. 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. (b) Date Acquired (c) Date Sold (e) Cost or (a) Property (d) Sale Price (f) Gain or loss (mm/dd/yyyy) (mm/dd/yyyy) other basis 1. $ 00 $ 00 $ 00 2. $ 00 $ 00 $ 00 3. Total Gain or (Loss) 4. Net Capital Gain or (Loss) as reported on federal Form 1040 or 1040A $ 00 $ 00 *131316==29999* 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 Form 104. 00 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.
Form DR 1316
More about the Colorado Form DR 1316 Individual Income Tax
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.
We last updated the Capital Gain Affidavit 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.
Other Colorado Individual Income Tax Forms:
|Form Code||Form Name|
|Form 104||Colorado Income Tax Return|
|Form DR 0900||Payment Voucher for Individuals|
|Form 104PN||Part-Year/Nonresident Computation Form|
|Form DR 1778||E-Filer Attachment Form|
|Form 104CR||Tax Credits for Individuals|
Colorado usually releases forms for the current tax year between January and April. We last updated Colorado Form DR 1316 from the Department of Revenue in March 2020.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Colorado Form DR 1316
We have a total of eight past-year versions of Form DR 1316 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.