DR 1305: Gross Conservation Easement Schedule (2024)
Colorado · Colorado DOR · Used for tax years 2024
Colorado Form DR 1305 is the 2024 Gross Conservation Easement Donor Schedule. It reports conservation easement donation credits, their allocation and transfer, and any required addback of a related federal charitable deduction.
Who files this form
Include the appropriate DR 1305 series forms with your Colorado income tax return each year you have activity involving a gross conservation easement credit or a remaining addback of a related federal charitable deduction.
For the main DR 1305 form:
- Complete Part A if you are claiming a new conservation easement donation for tax year 2024.
- Complete Part B if you are a subsequent member of a donor entity.
- Complete a separate Part C for each donation or tax credit certificate you are claiming for the first time, transferring, or passing through as a donor or member of a donor.
- Complete Part D each year you claim, use, or carry forward a federal charitable deduction from a conservation easement. Line 7 says pass-through entities do not complete Part D.
If your only activity is using credit transferred to you or carried forward from a previous year, use DR 1305G instead of the main DR 1305. A jointly filing couple should submit only one form.
When it's due
For tax year 2024, line 15 includes credit transfers through the extension date for that return, which the form describes as “usually October 15.” Line 13 includes prior-year transfers through the extension date for the previous return, also described as “usually October 15.”
The form does not state a specific filing due date or give a calendar year for either October 15 reference.
What you'll need
New donors must submit:
- Federal Form 8283.
- A Tax Credit Certificate from the Department of Regulatory Agencies.
Have the information needed for the applicable parts of the form, including:
- Your name and applicable tax identification or account number.
- The donation date, certificate number, total potential credit, and your percentage interest in the easement.
- Pass-through entity names and account numbers, if applicable.
- Credit amounts allocated, transferred, or carried forward.
- Federal deduction and prior-year addback amounts for Part D, if applicable.
Include DR 1305E, DR 1305F, and DR 1305G as applicable, with additional pages as needed.
How to file
Include the applicable DR 1305 series forms with your Colorado income tax return. For paper returns, use the separate forms DR 1305E, DR 1305F, and DR 1305G as needed.
Report current-year credit transfer details on DR 1305E unless the transfers have been certified by the Division of Conservation. If line 16 is greater than $0, account for that amount on DR 1305F and/or DR 1305G.
The form lists this department address:
Colorado Department of Revenue
Denver CO 80261-0005
It does not provide separate mailing directions or e-file instructions.
Common mistakes
- Do not file the main DR 1305 if your only activity is using transferred credit or credit carried forward from a previous year. Use DR 1305G.
- Do not submit separate forms for spouses filing jointly. Submit one form.
- Do not enter dashes or periods in the tax credit certificate number on line 6.
- Always enter four digits after the decimal point for your percentage interest on line 9.
- Complete a separate Part C for each applicable donation or tax credit certificate.
- Make sure the name on page 2 matches page 1.
- Include the total on line 20 as an addition to federal taxable income on your return.
Questions people ask
Do I need the main DR 1305 if I am only using transferred or carried-forward credit?
No. If that is your only activity, skip the main DR 1305 and use DR 1305G.
What must a new donor submit?
Submit Federal Form 8283 and a Tax Credit Certificate from the Department of Regulatory Agencies.
Do I need a separate Part C for each donation?
Yes. Complete a separate Part C for each donation or tax credit certificate you are claiming for the first time, transferring, or passing through for the tax year as a donor or member of a donor.
When do I complete Part D?
Complete it each year you claim, use, or carry forward a federal charitable deduction from a conservation easement. Line 7 excludes pass-through entities from its direction to complete Part D.
Where can I find more information about the credit?
The form points to FYI Income 39 and Income Tax Topics: Conservation Easement Credit at Tax.Colorado.gov.