Get Co Dor Dr 1316 2021-2026

Filling out the Colorado Source Capital Gain Affidavit, known as the CO DoR DR 1316, is essential for accurately reporting gains from capital assets. This guide will provide you with clear, step-by-step instructions to help you complete the form online without any confusion.

Follow the steps to complete the form accurately

1. Press the ‘Get Form’ button to access the form and open it for editing.
2. Begin by entering your personal information in the designated fields. Fill in your last name, first name, middle initial, and either your Social Security Number (SSN) or Colorado Account Number.
3. If applicable, complete the spouse's section with their last name, first name, middle initial, and SSN or Colorado Account Number.
4. Next, provide details for each asset qualifying under the Colorado capital gain subtraction requirements. Be sure to include any assets that resulted in a capital loss.
5. In section A, briefly describe the nature of each capital gain, ensuring to include the complete address of the real property involved.
6. For any gain resulting from an installment sale, move to section B and provide the date of the original sale while attaching a copy of federal Form 6252.
7. If the gain is passed through from another entity, complete section C by listing the names and account numbers of the entities along with the length of your ownership interest.
8. Move to section D to report additional information, which must be completed. List each asset in the provided fields, ensuring you include the date sold, sale price, cost or other basis, and the gain or loss.
9. Calculate the total gain or loss and enter it in the appropriate field.
10. Finally, compute the net capital gain or loss as reported on your federal Form 1040 or 1040-SR, and enter it in the indicated field.
11. Make sure to attest to the truthfulness of the information by providing your signature and date, as well as your spouse's signature if you are filing a joint return.
12. Review all information for accuracy before you save changes, download, print, or share the completed form.

Complete your CO DoR DR 1316 form online today to ensure a smooth submission process.