39-22-303.5–10 Income from Foreclosures.

Official source

The provisions of this rule apply to income tax years commencing on or after January 1, 2009, but prior to January 1, 2019. A taxpayer who qualifies under the provisions of § 39-22-303.5(8), C.R.S., must file using the rules of that provision (direct allocation). A taxpayer may not make an election pursuant to § 39-22-303.5(6), C.R.S., to treat such income as business income.

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39-22-303.5–10 Income from Foreclosures.

Official source

The provisions of this rule apply to income tax years commencing on or after January 1, 2009, but prior to January 1, 2019. A taxpayer who qualifies under the provisions of § 39-22-303.5(8), C.R.S., must file using the rules of that provision (direct allocation). A taxpayer may not make an election pursuant to § 39-22-303.5(6), C.R.S., to treat such income as business income.