The Colorado 104PN form is a tax calculation schedule designed for part-year residents and nonresidents who earned income while residing in Colorado during a specific tax year. This form allows individuals to apportion their gross income, ensuring that the Colorado tax liability reflects only the income earned within the state. Completing the 104PN is essential for accurate tax reporting, particularly for those who have lived in multiple states during the year.
The Colorado 104PN form is an essential tool for individuals who have experienced a change in residency status during the tax year. Specifically designed for part-year residents and nonresidents, this form allows taxpayers to accurately calculate their tax obligations based on the income they earned while residing in Colorado. By apportioning gross income, the 104PN ensures that the tax calculated reflects only the income generated within the state, thereby preventing residents from being taxed on income earned elsewhere. When filling out the 104PN, taxpayers must first complete their main Colorado tax form, Form 104, and then proceed to detail their income sources, including wages, interest, dividends, and other earnings. The form also requires individuals to specify their residency status, whether they are full-year nonresidents, part-year residents, or full-year residents, which plays a crucial role in determining the appropriate tax rate. As taxpayers navigate through the various lines of the form, they will encounter sections that ask for specific income earned during their time in Colorado, ensuring that only relevant income is considered. Understanding the nuances of the 104PN is vital for compliance with state tax laws and for maximizing potential tax benefits, making it imperative for individuals with complex residency situations to pay close attention to this form.
(03/13/13) Web
Form 104PN–PART-YEAR RESIDENT/NONRESIDENT TAX CALCULATION SCHEDULE 2012
Taxpayer’s Name
Social Security Number
Use this form if you and/or your spouse were a resident of another state for all or part of 2012. This form apportions your gross income so the Colorado tax computed from the tax table on your total 2012 income will be reduced to relect only the tax on your Colorado income. Complete this form after you have illed out lines 1 through 18 of Form 104. If you iled
federal form 1040NR, see Income 6 and for military service persons, Income 21.
1.
Taxpayer is (mark one):
Full-Year Nonresident;
Part-Year Resident from ____/____/12
to ____/____/12;
Full-Year Resident
Nonresident 305-day rule Military
2.
Spouse is (mark one):
3.
Mark the federal form you iled:
Federal
Colorado
1040
1040 A
1040 EZ
1040 NR
Other
Information
4. Enter all income from form 1040 line 7; 1040A line 7; or form 1040EZ line1
4
00
5.Enter income from line 4 that was earned while working in Colorado AND/OR earned while you were a Colorado resident. Part-year residents should include moving
expense reimbursements only if paid for moving into Colorado
5
6.Enter all interest/dividend income from form 1040 lines 8a and 9a; form 1040A
lines 8a and 9a; or form 1040EZ line 2
6
7. Enter income from line 6 that was earned while you were a resident of Colorado
7
8.Enter all income from form 1040 line 19; form 1040A line 13; or form 1040EZ
line 3
8
9.Enter income from line 8 that is from State of Colorado unemployment beneits;
AND/OR is from another state’s beneits that were received while you were a
Colorado resident
9
If you iled federal form 1040EZ, go to line 24. All others continue with line 10.
...............10. Enter all income from form 1040 lines 13 and 14; or form 1040A line 10
10
11.Enter income from line 10 that was earned during that part of the year you were a
Colorado resident AND/OR was earned on property located in Colorado
11
12.Enter all income from form 1040 lines 15b, 16b, and 20b; or form 1040A lines 11b,
12b, and 14b
12
13.Enter income from line 12 that was received during that part of the year you were
a Colorado resident
13
If you iled federal form 1040A, go to line 20. If you iled form 1040, continue with line 14.
.....................14. Enter all business and farm income from form 1040 lines 12 and 18
14
15.Enter income from line 14 that was earned during that part of the year you were a
Colorado resident AND/OR was earned from a Colorado operation.
.................................................
15
16. Enter all Schedule E income from form 1040 line 17
16
17.Enter income from line 16 that was earned from Colorado sources; AND/OR rent and royalty income received or credited to your account during that part of the year you
were a Colorado resident; AND/OR partnership/S corporation/iduciary income
apportioned based on the number of days of Colorado residency during the
17
corporation/partnership/iduciary tax year
18.Enter all other income from form 1040 lines 10, 11 and 21,
(list type _________________________________________________)
18
19.Enter income from line 18 that was earned or received during that part of the year
you were a Colorado resident AND/OR was received from Colorado sources
19
(list type_________________________________________________)
20. Total Income. Enter amount from form 1040 line 22; or form 1040A line 15
20
21.Total Colorado Income. Enter the total from the Colorado column, lines 5, 7, 9, 11,
13, 15, 17 and 19
21
22.Enter all federal adjustments from form 1040 line 36, or form 1040A line 20
(list type______________________________________________________) ..
22
23. Enter adjustments from line 22 as follows: (list type_____________________)
23
•Educator expenses, IRA deduction, business expenses of reservists, performing artists and fee-basis government oficials, health savings account deduction, self-employment tax, self-employed health insurance deduction, SEP and SIMPLE deductions are allowed
in the ratio of Colorado wages and/or self-employment income to total wages and/or self-employment income.
•Student loan interest deduction, alimony, and tuition and fees deduction are allowed
in the Colorado to federal total income ratio (line 21/ line 20).
•Domestic production activities deduction is allowed in the Colorado to Federal QPAI ratio.
•Penalty paid on early withdrawals made while a Colorado resident.
•Moving expenses if you are moving into Colorado, not if you are moving out.
•For treatment of other adjustments reported on form 1040 line 36, see Income 6.
24.Adjusted Gross Income. Enter amount from form 1040 line 37; or form 1040A line 21;
or form 1040EZ line 4
24
25.Colorado Adjusted Gross Income. If you iled form 1040 or 1040A, subtract the amount on line 23 of Form 104PN from the amount on line 21 of Form 104PN . If you
iled form 1040EZ, enter the total of lines 5, 7 and 9 of Form 104PN
25
26.Additions to Adjusted Gross Income. Enter the amount from line 3 of Colorado
Form 104 excluding any charitable contribution adjustments
26
27.Additions to Colorado Adjusted Gross Income. Enter any amount from line 26 that is
from non-Colorado state or local bond interest earned while a Colorado resident,
AND/OR any lump-sum distribution from a pension or proit sharing plan received while
a Colorado resident. (See
Income 6 for treatment of other additions)
..................................
27
28.
Total of lines 24 and 26
28
29.
Total of lines 25 and 27
29
30.Subtractions from Adjusted Gross Income. Enter the amount from line 17 of Colorado
Form 104 excluding any qualifying charitable contributions
30
31.Subtractions from Colorado Adjusted Gross Income. Enter any amount from line 30
as follows:
31
•The state income tax refund subtraction to the extent included on line 19 above,
•The federal interest subtraction to the extent included on line 7 above,
•The pension/annuity subtraction and the PERA or School District Number One retirement subtraction to the extent included on line 13 above,
•The Colorado capital gain subtraction to the extent included on line 11 above,
•For treatment of other subtractions, see Income 6.
32.Modiied Adjusted Gross Income. Subtract the amount on line 30 from the amount
on line 28
32
33.Modiied Colorado Adjusted Gross Income. Subtract the amount on line 31 from the
amount on line 29
33
34.
Amount on line 33 divided by the amount on line 32
34
35.
Tax from the tax table based on income reported on Colorado Form 104 line 18
35
36.
Apportioned tax. Amount on line 35 multiplied by the percentage on line 34. Enter
here and on Form 104 line 19
36
%
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