Form 104Cr PDF Details

In the realm of tax documentation and compliance, the Colorado Department of Revenue introduced the Form 104CR, a crucial document for the 2013 tax year, aimed at facilitating individual taxpayers in claiming a myriad of potential tax credits. Overall, this form serves as a comprehensive schedule, allowing Colorado residents to identify and apply for various tax credits for which they may be eligible. Key components of this form include detailed sections for Colorado Child Care Credit, Other Refundable Credits, Credits for Tax Paid to Another State, along with Other Credits. Each section mandates specific details and supporting documentation to substantiate the claims, emphasizing the importance of accuracy and completeness in submission. For example, taxpayers seeking the Colorado Child Care Credit must provide information related to their federal adjusted gross income and the federal child care credit claimed, alongside pertinent personal information and details about the eligible child. Similarly, individuals claiming tax credits for investments in property, child care facilities, or those relating to historic preservation must adhere to rigid documentation requirements. The form also outlines provisions for calculating and claiming credits for taxes paid to other states, ultimately aiming to ensure that taxpayers do not pay more than necessary. Additionally, the Form 104CR addresses a variety of other credits, including those related to environmental conservation, innovation investment, and specific industry incentives, all while providing instructions for the electronic or paper filing of the form alongside the main tax return. This attention to a broad spectrum of potential tax credits showcases Colorado’s efforts to provide relief in diverse aspects of its residents' financial engagements, making the Form 104CR a pivotal tool in the state’s tax processing ecosystem.

QuestionAnswer
Form NameForm 104Cr
Form Length3 pages
Fillable?No
Fillable fields0
Avg. time to fill out45 sec
Other names104cr instructions, colorado form 104cr, carryforward, form 104cr instructions

Form Preview Example

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FORM 104CR (07/22/13)

Form 104CR

*130104CR19999*

Denver, CO 80261-0005

COLORADO DEPARTMENT OF REVENUE

 

6

Individual Credit Schedule 2013

 

 

Taxpayer’s Last Name

First Name

Middle Initial SSN

Submit the following information with your tax return

• Use this schedule to determine which tax credits you are eligible to claim.

12

Be sure to submit the required supporting documentation as indicated for each credit.

Most software products and tax preparers have the ability to submit this schedule and attachments electronically.

Revenue Online can also be used to ile your return and attachments electronically. Otherwise, attach all required documents to your paper return.

Dollar amounts shall be rounded to the nearest whole dollar. Calculate percentages to the second decimal place.

18

Part I—Colorado Child Care Credit (see publication FYI Income 33 for more information)

To qualify for this credit, you must meet all of the following criteria:

Colorado resident

Federal adjusted gross income is $60,000 or less

24• Claimed a federal child care credit for a child 12 or younger

1.Federal adjusted gross income from federal form 1040 line 37, or federal form 1040A line 21.

If line 1 is larger than $60,000 enter 0 on line 5. You do not qualify for this credit

1

00

2. Federal tax from federal form 1040 line 46, or federal form 1040A line 28.

 

 

If line 2 is 0, enter 0 on line 5

2

00

3.The 2013 federal child care credit you claimed. Enter the smaller of the amounts on line

3046 or 48 of your federal form 1040, or the smaller of the amounts on line 28 or 29 of your

 

federal form 1040A

 

 

3

00

4.

Your percentage from the table below

 

4

00

 

Your Federal Adjusted Gross Income

Your Percentage

 

 

 

More Than:

But Not More Than:

 

 

 

36

$0

$25,000

50%

 

 

 

$25,000

$35,000

30%

 

 

 

$35,000

$60,000

10%

 

 

5.

Colorado Child Care Credit, multiply the amount on line 3 by the percentage on line 4

5

00

6.

Part-year residents only: Enter the percentage from line 34, Form 104PN

 

 

42

(cannot exceed 100%)

 

 

 

%

 

Multiply this percentage by the amount on line 5

 

6

00

7.List eligible child’s name, date of birth and Social Security number if a credit is claimed on lines 5 or 6.

Child’s Name

Date of Birth

SSN

Child’s Name

Date of Birth

SSN

(MM/DD/YY)

(MM/DD/YY)

48

 

 

 

 

 

 

 

 

Part II—Other Refundable Credits

 

 

 

54

 

 

 

8. Authorized Instream Flow Credit

 

8

00

Pass-through Entity Name

Ownership %

Entity Account Number

 

9.Refundable Credits, add lines 5 (or 6) plus 8. Enter on line 32 of Form 104

60

9

00

66

 

 

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*130104CR29999*

6

Part III — Credit for Tax Paid to Another State

Colorado nonresidents do not qualify for this credit. Part-year residents generally do not qualify for this credit.

If you have income or losses from two or more states you must complete lines 11 through 17 for each state. You must also complete lines 11 through 17 (enter “Combined” on line 17) to determine your credit limitation. If the return

12cannot be electronically iled, each separate computation must be submitted on a separate 104CR form. A summary schedule of the data is not acceptable.

See publication FYI Income 17 for more information along with tips on the amount to enter on each line.

Submit a copy of the tax return for each other state when claiming this credit. The portion of the return submitted must include the

adjusted gross income calculation, any disallowed federal deductions by that state, and the tax calculation for the other state.

10.Name of other state

18

 

 

 

 

11. Total of lines 19 and 20, Form 104

11

00

 

12. Modiied Colorado adjusted gross income from sources in the other state

12

00

24

13. Total modiied Colorado adjusted gross income

13

00

 

14. Amount on line 12 divided by amount on line 13

14

%

 

15. Amount on line 11 multiplied by the percentage on line 14

15

00

30

16. Tax liability to the other state

16

00

 

17. Allowable credit, the smaller of lines 16 or 17

17

00

Part IV — Other Credits

Enter in column (a) the total credit generated in 2013 and any carryforward credit that is available from a prior year.

36Enter in column (b) the portion of the credit in column (a) that is being used to offset tax in 2013. If column (a) is larger than column (b) and the credit can be carried forward to future years, enter the carryforward amount on line 40.

Column (A)

Column (B)

18.Plastic recycling investment credit

(See publication FYI 56)

 

Plastic recycling net expenditures amount:

$

42Submit a copy of the receipt and other required documentation

when claiming this credit.

18

0 0

0 0

19.Colorado minimum tax credit (See publication FYI 14)

2013 federal minimum tax credit:

$

19

0 0

0 0

20.Historic property preservation credit (See publication FYI 1)

48Submit a copy of the veriication form or copy of the federal credit

calculation when claiming this credit.

20

0 0

0 0

21.Child care center investment credit (See publication FYI 7)

Submit a copy of your child care facility license and a list of

depreciable tangible personal property when claiming this credit

21

0 0

0 0

22.Employer child care facility investment credit (See publication FYI 7)

54Submit proof that you operate a licensed child care facility when

claiming this credit.

22

0 0

0 0

23.School-to-career investment credit (See publication FYI 32)

Submit a copy of your certiication letter when claiming this credit.

23

0 0

0 0

24.Colorado works program credit (See publication FYI 34)

Submit a copy of the letter from the county Dept. of

60

Social/Human Services when claiming this credit.

24

0 0

0 0

66

 

 

 

 

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*130104CR39999*

6

Child care contribution credit (see publication FYI 35)

Submit a copy of form DR 1317 when claiming this credit.

25.Enter the sum of all DR 1317 line 4 amount(s) donated in

2013.

25

0 0

26.Enter previous year deferred & carryforward amount(s).

12

26

0 0

27. Add lines 25 and 26.

27

0 0

Column (A)

Column (B)

28.Enter in column (A) 50% of line 27. Enter in column (B)

the portion of (A) being used to offset 2013 tax.

28

0 0

0 0

1829. Long term care insurance credit (See publication FYI 37)

Submit a copy of a year-end statement disclosing the premiums paid when

 

 

claiming this credit.

29

0 0

0 0

30.Contaminated land redevelopment credit (See publication FYI 42)

Carry forward from 2010 only

Submit a copy of the CDPHE certiication when claiming this credit.

30

0 0

0 0

2431. Aircraft manufacturer new employee credit (See publication FYI 62)

Submit a copy of forms DR 0085 and DR 0086 when claiming this credit.

31

0 0

0 0

32.Gross conservation easement credit (See publication FYI 39)

Submit form DR 1305 when claiming this credit. Easement donors must also submit the additional required documentation, including the full easement appraisal. Due to the large amount of data required, it is strongly suggested

30that this information be provided electronically through Revenue Online to

 

avoid problems with lost data.

32

0 0

0 0

33.

Job growth incentive tax credit (See publication FYI 66)

33

0 0

0 0

34.

Certiied auction group license fee credit

34

0 0

0 0

3635. Colorado innovation investment tax credit

Carry forward from 2010 only

35

0 0

0 0

36.Alternative fuel refueling facility credit

Carry forward from 2010 only

36

0 0

0 0

37.Nonrefundable alternative fuel vehicle credit

 

 

Carry forward from 2009 only

37

0 0

0 0

42

38.

Total of lines 18 through 37, Column (B)

 

 

 

 

 

 

 

38

0 0

 

39.

Nonrefundable credits, add line 17 plus line 38. Enter on line 23 of Form 104.

 

 

 

 

 

 

39

0 0

 

Limitation: The total credits you claim on line 39 of this Form 104CR are nonrefundable credits so the total credits used

 

may not exceed the total tax reported on lines 19 and 20 of your income tax return, Form 104. Most unused 2013 credits

48can be carried forward to tax year 2014. If the total credits available exceed the total tax due for 2013, or if you are carrying forward credits that cannot be used in 2013, list the credit type(s) and excess amount(s) below.

40. Credits to be carried forward to 2014

40

0 0

54

60

66

How to Edit Form 104Cr Online for Free

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How to prepare 1040A step 1

2. Soon after filling in the last part, head on to the subsequent step and fill out the essential details in these blanks - Colorado resident Federal, If line is enter on line The, Your percentage from the table, Your Federal Adjusted Gross Income, But Not More Than, Colorado Child Care Credit, cannot exceed, Multiply this percentage by the, List eligible childs name date of, Childs Name, Date of Birth, MMDDYY, SSN, Childs Name, and Date of Birth.

Completing section 2 in 1040A

As for Colorado resident Federal and If line is enter on line The, ensure that you double-check them here. Those two are definitely the most significant fields in the form.

3. Completing Authorized Instream Flow Credit, Ownership, Entity Account Number, Refundable Credits add lines or, and DR Barcode Only Placement is essential for the next step, make sure to fill them out in their entirety. Don't miss any details!

Stage # 3 of filling out 1040A

4. Filling in Submit a copy of the tax return, Total of lines and Form, Modiied Colorado adjusted gross, Total modiied Colorado adjusted, Amount on line divided by amount, Amount on line multiplied by the, Tax liability to the other state, Allowable credit the smaller of, Part IV Other Credits, Enter in column a the total credit, Column A, Column B, Plastic recycling investment, and See publication FYI Plastic is crucial in this next step - make certain that you be patient and take a close look at every blank!

Best ways to prepare 1040A stage 4

5. Finally, this last subsection is precisely what you will need to wrap up prior to closing the document. The fields at this point include the next: See publication FYI Plastic, Colorado minimum tax credit See, federal minimum tax credit, Submit a copy of the veriication, Child care center investment, Employer child care facility, Submit proof that you operate a, Schooltocareer investment credit, Submit a copy of your certiication, Colorado works program credit See, Submit a copy of the letter from, and DR Barcode Only Placement.

1040A completion process shown (step 5)

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