Form DR1316 Colorado Source Capital Gain Affidavit - Colorado

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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.

FAQ

Q: What is Form DR1316?
A: Form DR1316 is the Colorado Source Capital Gain Affidavit.

Q: Who needs to file Form DR1316?
A: Colorado residents who have capital gains from the sale of real property or from certain investments need to file Form DR1316.

Q: What is the purpose of Form DR1316?
A: The purpose of Form DR1316 is to report and pay the Colorado state income tax on capital gains.

Q: When is the deadline to file Form DR1316?
A: The deadline to file Form DR1316 is the same as the deadline for filing your Colorado state income tax return, usually April 15th.

Q: Are there any filing fees for Form DR1316?
A: No, there are no filing fees for Form DR1316.

Q: Do I need to attach any other documents with Form DR1316?
A: Yes, you may need to attach copies of federal forms and schedules that report the capital gains.

Q: Is Form DR1316 available for non-residents of Colorado?
A: No, Form DR1316 is specifically for Colorado residents.

Q: Can I file Form DR1316 electronically?
A: Yes, you can file Form DR1316 electronically if you are e-filing your Colorado state income tax return.

Q: What happens if I don't file Form DR1316?
A: If you fail to file Form DR1316 and pay the required taxes, you may be subject to penalties and interest.

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Form Details:

  • Released on September 20, 2021;
  • 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.

Download Form DR1316 Colorado Source Capital Gain Affidavit - Colorado

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