Colorado Part Time Resident: how do I report taxes that were pre-paid in a partnership composite return rather than on a Form 0108?

Colorado Part-time Resident, Partnership tax return question: I own a family partnership. One of the partners moved from Colorado to another state during the year. The partnership elected to pay that partner's taxes in a composite form, rather than issuing a Form 108. How and where should the pre-payment from the composite return be reported on the Colorado Part Year form 0104?

1154

Expert Alumni

Mar 3, 2022 7:03:40 PM

You are supposed to submit a form DR 0106EP to submit an estimated payment on behalf of a Colorado non-resident.

Here is that form.

Once that payment is made then it would be entered on form 0104 on line 22 with the other estimated tax payments.

Level 13

Mar 4, 2022 6:36:54 AM

A few comments on your question and facts:

Based on the facts, I am assuming that you filed a form DR 0106 the Colorado Composite Return and paid the appropriate tax.
The Form DR 0104 is a resident individual tax return
The purpose for filing a composite tax return is to avoid the nonresident partner from filing a separate tax return. So if a composite return was filed on behalf of the nonresident, then that nonresident should not be reporting that income on a Colorado individual tax return.
What is not clear, is whether you included the whole year portion in the DR 0106 or only part of the year

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Colorado Part Time Resident: how do I report taxes that were pre-paid in a partnership composite return rather than on a Form 0108?