DR 0106CR: Colorado Pass-Through Entity Credit Schedule (2024)
Colorado · Colorado DOR · Used for tax years 2024
Form DR 0106CR is the 2024 Colorado Partnership and S Corporation Credit Schedule. It reports prior-year credit recapture, tax paid to another state, and refundable and nonrefundable credits, including amounts allocated on Forms DR 0106K or applied toward tax on a composite retur
Who files this form
DR 0106CR is the 2024 Colorado Partnership and S Corporation Credit Schedule. It records credit recapture, tax paid to another state, and nonrefundable and refundable credits, including amounts allocated to partners or shareholders and amounts applied to a composite return.
The form does not state specific filing requirements.
What you'll need
Have your organization name and Colorado Account Number (CAN) ready. The form requires the following supporting documents for the credits listed:
- Child care contribution: DR 1317.
- Child care center, family care home investment, or employer child care investment: A copy of your facility license and a list of depreciable tangible personal property.
- School-to-career investment: Your certification letter.
- Colorado works program: A copy of the letter from the county Department of Social/Human Services.
- Remediation of Contaminated Land: A copy of the CDPHE certification and DR 0349.
- Colorado job growth incentive: Certification from OEDIT.
- Advanced Industry Investment or Certified Colorado Disability Funding Committee License Fee: A copy of the certification for the credit.
- Nonrefundable or refundable Enterprise Zone credits: DR 1366.
- CHIPS Zone: DR 1370.
- Affordable housing: CHFA certification.
- Preservation of Historic Structures: The certificate from OEDIT or the local granting authority. Also have the credit certificate number issued by OEDIT or History Colorado.
- Rural Jump Start Zone: The certificate from OEDIT and DR 0113.
- Strategic Capital Tax Credit: DR 1330.
- Employer contributions to an employee 529 plan: DR 0289.
- Employer paid leave of absence for live organ donation: A completed DR 0375.
- Homeless Contribution: The certificate substantiating your contribution, plus your credit certificate number.
- Nonrefundable or refundable Residential Energy Storage Systems: DR 1307.
- Enterprise Zone Contribution: The certificate from OEDIT.
- Business Personal Property: A copy of the assessor’s statement.
- Innovative Motor Vehicle and Innovative Truck: DR 0617 form(s) for the vehicle purchased or leased.
- Conversion costs to an employee-owned business model: The certificate from the Office of Economic Development.
- Certified Greenhouse Gas Avoidance: Certificate(s) from the Colorado Energy Office.
The form directs you to submit these supporting documents with your return, except that the Homeless Contribution line simply says to submit the certificate.
Common mistakes
- Mismatched identifying information: The organization name and CAN on pages 2 and 3 must match page 1.
- Missing supporting documents: Submit the forms, certificates, letters, and other documents required for the credits you claim. The Rural Jump Start Zone credit requires both the OEDIT certificate and DR 0113.
- Missing certificate numbers: Enter the Preservation of Historic Structures certificate number on line 18 and the Homeless Contribution certificate number on line 24 when claiming those credits.
- Adding certificate numbers to credit totals: Line 40 totals lines 5 through 39, but excludes the certificate numbers on lines 18 and 24.
- Missing the transfer to the composite return: Transfer the line 40, Column C amount to line 14 of DR 0106.
- Skipping the specified calculation: For the Business Personal Property credit on line 28, use the calculation in the 106 Book instructions.
Questions people ask
What do Columns A, B, and C mean for the credit lines?
Column A is the credit available. Column B is the credit allocated on forms DR 0106K. Column C is the credit applied toward tax on the composite return.
What information is requested for tax paid to another state?
Lines 2 through 4 request the other state’s name, total income from sources in that state, and tax liability to that state. Line 4 separates tax paid from tax allocated to partners or shareholders included or not included in the composite.
Where do I report recapture of prior-year credits?
Report recapture of prior-year credits on line 1.
How do I total the credits?
On line 40, add lines 5 through 39, excluding the certificate numbers on lines 18 and 24. Transfer the total in Column C to line 14 of the DR 0106 composite return.
Where do the Residential Energy Storage Systems credit amounts come from?
The nonrefundable credit on line 26 comes from line 3 of DR 1307. The refundable credit on line 34, assigned to you by the building owner, comes from line 10 of DR 1307. Submit DR 1307 with your return.