Colorado Works Program Credit

Colorado employers are allowed to claim a credit of 20% of their annual expenditures made to provide eligible services for their employees who receive public assistance pursuant to the "Colorado Works Program." The credit may not be claimed for more than two years with respect to each individual employee. "Eligible services" means services that are incidental to the employer's business and are [...]

How Do I Claim the Colorado Gross Conservation Easement Credit?

An income tax credit is available for tax years beginning on or after January 1, 2000, for the donation of a perpetual conservation easement in gross on real property located in Colorado. The credit is equal to the fair market value of the easement. Conservation easement in gross is a right of the owner of the easement to prohibit certain acts with respect to the property in order to maintain [...]

How do you report income listed on Form 1099-PATR ?

Reporting income from Form 1099-PATR, Income from Cooperatives Distributions you received from a cooperative and reported on Form 1099-PATR can be included in your income. Generally, you should report amounts (unless nontaxable) shown in boxes 1, 2, 3, and 5 of the Form 1099-PATR on 1 of these: Schedule F Profit or Loss from Farming. Enter the cooperative income on line 5a of [...]

How to report income for Farming - Schedule F

Use Schedule F to report income or loss from farming. If you want to prepare it yourself, you can use our online tax preparation software to complete and efile your farming income on Schedule F. Efile is only available for current year tax return. Schedule F is broken into four parts. Your accounting method will determine which sections you will need to fill out. First enter basic information [...]

Reporting Rental Income

Real Estate Income on Schedule E , Reporting Rental Income, Partnership Income, Real Estate Income on Schedule E Schedule E is used to report rental income and expenses from the rental properties you owned. In addition, Schedule E is also used to report royalties, partnerships, S corporations, estates, trusts, and residual interests in REMICs. The Schedule E form is broken into four parts. [...]