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Form 105, Colorado fiduciary income tax return

This topic includes notes about that calculations and data entry for Form 105.
  • 100% of income and adjustments appear on Form 105, Page 1 unless the return is a QSST.
  • For QSST returns, the S portion reports directly on the Grantor/Agency Report.
  • Qualified funeral trusts calculate like a complex trust (no special worksheet or calculation)
  • Charitable trusts calculate like a complex trust, except line 1 will show 0 and there is no tax calculated for line 9.
  • Credits are not allocable to beneficiaries.

Additions:

  • Income tax from any state transfers from federal data entry.
  • Out-of-state municipal income net of expenses transfers from federal data entry. Force fields are also available on the COGen screen.
  • You can enter other additions on the COGen screen.

Subtractions:

  • Tax refund from any state transfers from federal data entry.
  • U.S. income net of expenses transfers from federal data entry.
  • For 2021 and prior years, you can enter capital gain exclusion from Form DR1316 on the COCG screen in the Income & Adjustments folder.
  • Starting in 2022, only farm assets sales will qualify for the DR1316. All assets sale transfer automatically from the federal sale screens to either the COSale or COK1Sale screens, as necessary, under the Income & Adjustments folder. You need to mark them as a farm asset to be considered for the DR1316.
  • You can enter other subtractions on the COGen screen.
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