DR 0106: Partnership and S Corporation Income Tax Return (form only) (2024)
Colorado · Colorado DOR · Used for tax years 2024
Form DR 0106 is the 2024 Colorado Partnership and S Corporation Income Tax Return. It reports income, Colorado modifications, tax, payments, and any amount owed or overpayment. It also includes sections for composite nonresident returns and partnerships or S corporations electing
What you'll need
Have these details available to complete the return:
- Organization name, address, Colorado Account Number (CAN), and Federal Employer ID Number (FEIN).
- Federal Schedule K income and allowable deductions, plus beginning and ending depreciable assets from the federal return.
- Records of income modifications, estimated tax and extension payments, credits, and withholding from lottery or gambling winnings.
- Colorado and everywhere receipts, plus directly allocable income, if completing Part V.
Include these forms when claiming the corresponding amounts:
- DR 0106CR for credits on line 14.
- DR 1305G for the Gross Conservation Easement credit on line 15.
- DR 0619 for the additional credit on line 26.
Do not send federal return forms or schedules with this return.
How to file
Online: File and pay at Colorado.gov/RevenueOnline.
By mail, with a check or payment:
COLORADO DEPARTMENT OF REVENUE
Denver, CO 80261-0006
By mail, without a check or payment:
COLORADO DEPARTMENT OF REVENUE
Denver, CO 80261-0005
These addresses and ZIP codes are exclusive to the department, so no street address is required.
The return includes a signature and date field for a partner or an officer. An officer also provides their title.
Common mistakes
- Completing the wrong tax section: Complete lines 12–16 only for a composite nonresident return. Complete lines 17–20 only for a partnership or S corporation making the SALT Parity Act election.
- Omitting required credit forms: Include DR 0106CR, DR 1305G, or DR 0619 when claiming the corresponding credits.
- Exceeding the composite credit limit: The combined amount on lines 14 and 15 cannot exceed line 13.
- Sending federal forms: Do not send federal return forms or schedules with this return.
- Including excluded foreign-source income in Part V: Do not include foreign-source income modified out on Part I, line 8.
- Incorrectly completing Part V allocation lines: Complete lines 10 and 13 only when directly allocating nonapportionable income. Enter zero on both lines if all income is treated as apportionable.
- Using inconsistent identification: The organization name and CAN or FEIN on later pages must match page 1.
Questions people ask
How do I indicate a SALT Parity Act election?
Mark box I if the partnership or S corporation elects entity-level taxation under the SALT Parity Act for this income tax year. Part III is the SALT Parity Act income tax section.
What tax rate is printed on the 2024 return?
The form uses 4.25% for both the composite nonresident tax on line 13 and the SALT Parity Act net tax on line 20.
Can an overpayment be applied to next year's estimated tax?
Yes. Line 33 lets you designate an overpayment to be credited to 2025 estimated tax. Line 34 is for the amount to be refunded.
Can I provide direct deposit information?
Yes. The form has fields for a routing number, account number, and checking or savings account type.
What can happen when I pay by check?
The state may convert the check to a one-time electronic banking transaction. Your account may be debited as early as the day the state receives it. If converted, the check will not be returned.