Colorado § 39-22-326 Part-year residence

Colorado Statutes

§ 39-22-326 — Part-year residence

Colorado·Title 39 Taxation·Art. Income Tax

For the purposes of this subpart 2, if a
shareholder of an S corporation is both a resident and a nonresident of this state
during any taxable period, such shareholder's pro rata share of the S corporation's
income attributable to the state and income not attributable to the state for the
taxable period shall be further prorated between such shareholder's periods of
residence and nonresidence during the taxable period, in accordance with the
number of days in each period.

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For the purposes of this subpart 2, if a
shareholder of an S corporation is both a resident and a nonresident of this state
during any taxable period, such shareholder's pro rata share of the S corporation's
income attributable to the state and income not attributable to the state for the
taxable period shall be further prorated between such shareholder's periods of
residence and nonresidence during the taxable period, in accordance with the
number of days in each period.

Colorado § 39-22-326 (Part-year residence) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.