Colorado Source Capital Gain Subtraction
Can I Subtract my Colorado Source Capital Gains?
Colorado Capital Gain Subtraction
You might be eligible to subtract some or all of the capital gain included in your federal taxable income, if the gain is derived from the sale of tangible personal property or from the sale of real property located in Colorado.
The amount of this subtraction is limited to $100,000.
We recommend that you read publication FYI Income 15 if this applies to you.
You must complete and submit the DR 1316 with your return. Take precaution to completely fill out each item of this form. Be as detailed as possible, especially when providing property descriptions, ownership, and dates of acquisition and sale.
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