Form DR1316 "Colorado Source Capital Gain Affidavit" - Colorado

What Is Form DR1316?

This is a legal form that was released by the Colorado Department of Revenue - a government authority operating within Colorado. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on November 18, 2020;
  • The latest edition provided by the Colorado Department of Revenue;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form DR1316 by clicking the link below or browse more documents and templates provided by the Colorado Department of Revenue.

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Download Form DR1316 "Colorado Source Capital Gain Affidavit" - Colorado

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DR 1316 (11/18/20)
*131316==19999*
COLORADO DEPARTMENT OF REVENUE
Denver CO
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
other basis
(mm/dd/yyyy)
(mm/dd/yyyy)
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
$
0  0
beginning on or after January 1, 2010. Enter here and on Form 104.
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.
DR 1316 (11/18/20)
*131316==19999*
COLORADO DEPARTMENT OF REVENUE
Denver CO
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
other basis
(mm/dd/yyyy)
(mm/dd/yyyy)
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
$
0  0
beginning on or after January 1, 2010. Enter here and on Form 104.
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.