Dr 1316 Form – Fill Out and Use This PDF

DR 1316 (08/09/06)

COLORADO DEPARTMENT OF REVENUE

DENVER CO 80261

WWW.TAXCOLORADO.COM

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.

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.

C. If the gain is due to the sale of stock, list the qualifying property and payroll factors of the corporation for five consecutive years.

		1									2
Year	Year	Year		Year		Year		Year		Year	Year		Year		Year
Property	Property	Property		Property		Property		Property		Property	Property		Property		Property
%	%		%		%		%		%	%		%		%	%
Payroll	Payroll	Payroll		Payroll		Payroll		Payroll		Payroll	Payroll		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		2	Entity
Account Number		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.

(a)	(b)	(c)	(d)	(e)	(f)
Property	Date Acquired (mo., day, yr.)	Date Sold (mo., day, yr.)	Sale Price	Cost or other basis	Gain or loss
1.

		.00	.00	.00
	2.
		.00	.00	.00
	3.	Total Gain or (Loss)		.00
	4.	Net Capital Gain or (Loss) as reported on Federal Form 1040 or 1040A		.00
	5.	Colorado Source Capital Gain Subtraction, enter lesser of lines 3 or 4. 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.

INCLUDE A COPY OF FEDERAL SCHEDULE D AND/OR FORM 4797 WITH THIS FORM.