Form 104pn - Part-Year Resident/nonresident Tax Calculation Schedule

STEP THREE. COMPLETE THE COLORADO COLUMN of Form 104PN according to the following instructions. The Colorado column

will generally include income from the federal column that was earned in Colorado or was earned from Colorado sources. In the case of a joint

return when one spouse is a full-year resident and the other is not, the resident spouse should enter his or her entire income and adjustments

in the Colorado column and add in the Colorado income and adjustments of the other spouse. Instruction letters below correspond to line letters

on form 104PN. Do not include anything in lines A through N of the Colorado Column that is not included in the federal column. If you have

entered an amount in the federal column on any line, the instructions below will explain what amount to enter in the Colorado column.

NONRESIDENT INSTRUCTIONS

PART-YEAR RESIDENT INSTRUCTIONS

A. Part-year residents enter wages, salaries, etc. earned during that part of the

A. Nonresidents enter wages, salaries, etc. earned while

year you were a Colorado resident. Enter moving expense reimbursement if

working in Colorado.

you are moving into Colorado, not if you are moving out.

B. Nonresidents enter nothing on line B.

B. Part-year residents enter interest earned and dividends received during that

C. Nonresidents report the net profit from Colorado op-

part of the year you were a Colorado resident.

erations.

C. Part-year residents enter the business or farm income earned during that part

of the year you were a Colorado resident.

D. Nonresidents report the gain or loss realized from

property located in Colorado.

D. Part-year residents enter the gain or loss realized during that part of the year

you were a Colorado resident.

E. Nonresidents report nothing on line E.

E. Part-year residents report IRA distributions, pension or annuity benefits or

F. Nonresidents report the income from Colorado

taxable social security benefits included in federal income and received

sources.

during that part of the year you were a Colorado resident.

G. Nonresidents report any other income from Colorado

F. Part-year residents report the rent and royalty income received or credited to

sources.

your account during that part of the year you were a Colorado resident. Report

partnership, S corporation, and fiduciary income apportioned based on the

I. The IRA deduction, the medical savings account de-

number of days of Colorado residency during the corporation, partnership or

duction, the self employment tax, the self-employed

fiduciary tax year.

health insurance deduction, the SEP and the SIMPLE

deduction are allowed in the ratio of Colorado wages or

G. Part-year residents report any other income earned or received during that part

of the year you were a Colorado resident.

self-employment income to total wages or self-em-

ployment income. Alimony and the student loan inter-

I. The IRA deduction, the medical savings account deduction, the self-employ-

est deduction are allowed in the Colorado to federal

ment tax, the self-employed health insurance deduction, the SEP and the

total income (line H) ratio. Nonresidents may not claim

SIMPLE deduction are allowed in the ratio of Colorado wages or self-

the penalty for early withdrawal.

employment income to total wages or self-employment income. Alimony and

the student loan interest deduction are allowed in the Colorado to federal total

K. Do not include any state income tax deduction addback

income (line H) ratio. Part-year residents may claim penalty paid on early

modification or any charitable contribution addback

withdrawal while a Colorado resident. Enter moving expenses if you are

due to the donation of a Colorado conservation ease-

moving into Colorado, not if you are moving out.

ment on line K.

K. Enter any non-Colorado state or local bond interest earned while a Colorado

M. Enter the state income tax refund subtraction, the

resident, and any lump-sum distribution from a pension or profit sharing plan

capital gain portion of the interest dividend and capital

received while a Colorado resident. Do not include any state income tax

gain subtraction, and the Colorado capital gain subtrac-

deduction addback modification, and any charitable contribution addback

due to the donation of a Colorado conservation easement on line K.

tions to the extent the income is reported as Colorado

income on line G. Do not include any marriage penalty

M. Enter the state income tax refund subtraction, the interest dividend and capital

subtraction on line M.

gain subtraction, the federal interest subtraction, the pension exclusion, the

Colorado capital gain subtractions, and the PERA or School District Number

One retirement subtraction to the extent the income is included as Colorado

income on line J. Do not include any marriage penalty subtraction on line M.

STEP FOUR. CALCULATE YOUR TAX

O. The Colorado percentage is determined by dividing the Colorado adjusted gross income (line N, Colorado column) by the modified

federal adjusted gross income (line N, federal column). Enter the Colorado percentage on line O. If the amount on line N of the Colorado

column is larger than the amount on line N of the federal column, the percentage on line O will be more than 100%.

P. Enter on line P the tax from the tax table based on the Colorado taxable income on line 18 of your Colorado tax return, Form 104.

Q. Your Colorado tax will be the amount on line P multiplied by the percentage on line O. Enter your tax on line Q of this form and on

line 19, Form 104.

Form 104pn - Part-Year Resident/nonresident Tax Calculation Schedule - 2000 Page 2

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