DR 0349: Remediation of Contaminated Land Credit Use Schedule (2024)
Colorado · Colorado DOR · Used for tax years 2024
Form DR 0349 is Colorado’s 2024 Remediation of Contaminated Land Credit Use Schedule. It reports credit available, amounts used in prior years and the current year, credits allocated to partners or shareholders, and amounts carried forward.
Who files this form
For tax year 2024, you must include DR 0349 with your return if you are claiming the Remediation of Contaminated Land Credit.
Complete the “Use Of Credit” section if you are using or carrying forward credit on the return.
What you'll need
Have the following information available to complete the schedule:
- Your name or business name and identifying numbers, as applicable: SSN or ITIN, Colorado Account Number, and FEIN.
- Partnership or S corporation name, ownership percentage, and entity FEIN, if applicable.
- For each credit, the name of the person or entity you received it from and their SSN, ITIN, or federal identification number, or their Colorado Account Number.
- Each tax credit certificate number and the date you received the credit.
- Credit amounts available, transferred, used in prior years, used this year, and carried forward.
- For partnerships and S corporations, credits allocated to partners and shareholders on DR 0106K.
How to file
Include the completed DR 0349 schedule with your tax return. Attach additional pages if needed, and enter overall totals only on the final page.
Transfer the totals to the applicable credit form:
- Line 9, credit available this year: DR 0104CR line 42A, DR 0105 Schedule G line 5A, DR 0106CR line 10A, or DR 0112CR line 11A.
- Line 10, partnership or S corporation allocations: DR 0106CR line 10B.
- Line 11, credit used this year: DR 0104CR line 42B, DR 0105 Schedule G line 5B, DR 0106CR line 10C, or DR 112CR line 11B, as printed on the schedule.
The provided form does not give a mailing address or e-file directions.
Common mistakes
- Leaving out the schedule: The form says you must include it with your return if you are claiming this credit.
- Putting overall totals on more than one page: If you need additional pages, enter overall totals only on the final page.
Questions people ask
What amount goes on line 7?
Enter the total credit less the amount transferred, or the amount you received through transfers.
How do I calculate the credit available this year?
On line 9, subtract the credit used in prior years on line 8 from the total credit available on line 7.
How do I calculate the amount carried forward?
On line 12, subtract the sum of lines 10 and 11 from line 9.
What do partnerships and S corporations report on line 10?
Report credits allocated to partners and shareholders on DR 0106K. Enter the total on DR 0106CR line 10B.
Where can I find more information about the credit?
The form directs you to “Income Tax Topics: Remediation of Contaminated Land Credit” at Tax.Colorado.gov. You can also contact the Department of Revenue at 303-238-7378.