Line By Line Instructions For Preparing Form 104 (Page 2 of 2) in pdf

LINE 12 OTHER SUBTRACTIONS FROM FEDERAL TAX-

held on Colorado real estate sales by nonresidents should be included

ABLE INCOME. If you received PERA or School District No. 1

as estimated tax payments on line 25.

retirement benefits during 1998 and you contributed to the PERA

LINE 25 ESTIMATED TAX PAYMENTS AND CREDITS.

retirement fund during 1984, 1985 or 1986 or to the School District

Enter on line 25: any estimated tax payments you made for 1998; that

No. 1 retirement fund during 1986, you may be entitled to a

part of your 1997 overpayment, if any, that you applied to 1998: and

modification for income previously taxed by Colorado. Refer to

any amount you paid with your 1998 extension of time for filing

publication FYI Income 16 for further information relating to the

voucher. Include amounts withheld on Colorado real estate sales,

PERA exclusion (see page 2). Enter on line 12 your distribution

amounts paid in for nonresident beneficiaries on form 104 EP, and

from a qualified state tuition program that was withdrawn for the

amounts paid in for nonresident partners or shareholders on form

purpose of meeting qualified higher education expenses. Do not

DR 0108.

include any amounts that were tax exempt on your federal return.

Enter on line 12 your medical savings account contribution and

LINE 26 CHILD CARE/CHILD TAX CREDIT. Enter the amount

interest, if any. Do not include any amounts which were deducted on

of the child care/child tax credit from line 1(e), form 104CR.

your federal return. Refer to publication FYI Income 29 for further

LINE 28 OVERPAYMENT. If line 27 is larger than line 21,

information (see page 2). Enter on line 12 any fiduciary adjustment

subtract the amount on line 21 from the amount on line 27 and enter

or partnership modification reducing federal taxable income.

the difference on line 28. This is the amount Colorado owes you. If

LINE 14 COLORADO TAXABLE INCOME. Line 14 is your

line 21 is larger than line 27, proceed to line 38.

Colorado taxable income, the amount by which line 7 exceeds line

LINE 29 CREDIT TO 1999 ESTIMATED TAX. Enter on line 29

13. Determine your tax from the tax table on pages 11 and 12 based

the amount of overpayment of tax, if any, you want to have applied

on your Colorado taxable income. Full-year residents enter your tax

toward your 1999 estimated tax.

on line 15, page 2 of Form 104. Part-year residents and nonresidents

go to Form 104PN, page 13, for apportionment instructions.

LINES 30–35 VOLUNTARY CONTRIBUTIONS. Enter on lines

30, 31, 32, 33, 34 and/or 35 the amounts, if any, you wish to contribute

LINE 15 TAX. Colorado residents enter your tax from the tax table.

to the designated funds. (See page 18 for more information on these

Part-year residents and nonresidents enter your tax from line Q,

programs.)

Form 104PN and attach Form 104PN to your return.

LINE 37 REFUND. The amount on line 37 is the amount that will

LINE 16 ALTERNATIVE MINIMUM TAX. If you have a

be refunded.

federal alternative minimum tax, you probably have a Colorado

alternative minimum tax. Enter on line 16 your Colorado alternative

LINE 38 TAX TO PAY. If line 21 is more than line 27, you have

minimum tax, if any, from line 8, Form 104AMT. Attach Form

additional tax to pay. Subtract line 27 from line 21 and enter the

104AMT to your return.

difference on line 38. This is the amount of tax you owe. Write your

social security number on your check.

LINE 18 PERSONAL CREDITS FROM FORM 104CR. Enter

on line 18, the allowable personal credits from line 5, Part II, Form

PLEASE DO NOT SEND CASH.

104CR.

If you have a balance of tax due and wish to make a contribution to

LINE 19 ENTERPRISE ZONE CREDITS. Enter on line 19, the

any of the Colorado charitable funds, enter the amount(s) on line 30,

allowable enterprise zone credits from line 13, Part III, form 104CR.

31, 32, 33, 34 and/or 35 and increase your balance due, line 38, by the

amount of the contribution(s).

LINE 20 If the amount on line 20 is more than the amount on line

17, then lines 18 and/or 19 are incorrect and form 104CR must be

A delinquent payment penalty will be due if the balance due is not

corrected to properly report the credits to be carried over to 1999.

paid by April 15, 1999, unless a valid extension exists with a proper

90% prepayment, at the rate of 5% of the additional tax due for the

LINE 22 FEDERAL ADJUSTED GROSS INCOME. Enter on

first month of delinquency and 1/2% for each additional month up to

line 22 your federal adjusted gross income from federal form

a maximum of 12%.

1040EZ, line 4; or from federal form 1040, line 33; or from federal

form 1040A, line 18; or from the federal Telefile worksheet, line H.

Interest is due on any balance of tax due from April 15, 1999 at the

If you are not required to file a federal return, enter $0.

rate of 9% (12% if we bill you and you do not pay within 30 days).

LINE 23 STATE SALES TAX REFUND. All full year Colorado

If you owe an estimated tax penalty, include the amount on line 38

Residents, age 18 or older for the entire year of 1998 (born in 1979

and attach a copy of Form 204 to your return. Farmers may avoid the

or earlier) are eligible to receive the State Sales Tax Refund. Full

underestimation charge by filing their returns on or before March 1,

year residents under the age of 18 qualify for the refund only if they

1999.

are required to file a Colorado return because of a federal require-

Enter your Colorado driver license or a Colorado ID number only if

ment to file or to obtain a refund of wage withholding. Part year and

it is required to prove residency for the state sales tax refund.

nonresidents of Colorado DO NOT qualify. See page 4 for further

information.

LINE 24 COLORADO INCOME TAX WITHHELD. Enter on

line 24 the total amount shown as Colorado tax withheld on Form

W-2 (wage withholding forms) or 1099. Be sure to attach these

forms to the front of your return. Only attach W2's or 1099s if they

report Colorado income tax withheld. Do not claim tax withheld

for the federal government, other states or any city. Amounts with-

Line By Line Instructions For Preparing Form 104 Page 2

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