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This version of the form is not currently in use and is provided for reference only. Download this version of
Form DR0350
for the current year.
Form DR0350 First-Time Home Buyer Savings Account Interest Deduction - Colorado
What Is Form DR0350?
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 DR0350?
A: Form DR0350 is a tax form used in Colorado for claiming the First-Time Home Buyer Savings Account Interest Deduction.
Q: What is the First-Time Home Buyer Savings Account Interest Deduction?
A: The First-Time Home Buyer Savings Account Interest Deduction allows eligible taxpayers in Colorado to deduct the interest earned on money saved in a first-time home buyer savings account.
Q: Who is eligible for the First-Time Home Buyer Savings Account Interest Deduction?
A: Individuals who have established and contributed to a first-time home buyer savings account in Colorado are potentially eligible for the deduction.
Q: How do I claim the First-Time Home Buyer Savings Account Interest Deduction?
A: To claim the deduction, taxpayers must complete and file Form DR0350 with their Colorado state income tax return.
Q: Are there any limitations or requirements for the First-Time Home Buyer Savings Account Interest Deduction?
A: Yes, there are specific limitations and requirements for the deduction, such as a maximum deduction amount and a minimum account balance.
Q: Is the First-Time Home Buyer Savings Account Interest Deduction available in other states?
A: No, the deduction is specific to Colorado and is not available in other states.
Form Details:
- Released on October 20, 2022;
- 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 DR0350 by clicking the link below or browse more documents and templates provided by the Colorado Department of Revenue.
Download Form DR0350 First-Time Home Buyer Savings Account Interest Deduction - Colorado
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