DR 1079 - Payment of Withholding Tax on Certain Colorado Real Property Interest Transfers

Use the DR 1079 to remit Colorado tax withheld on transfers of real property interests. The determination of the amount to be withheld, if any, will be made on the DR 1083.

The amount of the withholding tax remitted will be credited to the Colorado income tax account of the transferor, similar to wage withholding. The transferor must claim credit for the payment on the Colorado income tax return. For this reason it is extremely important that a separate DR 1079 is completed for each transferor who will be required to file a Colorado income tax return, and that the correct Social Security number or ITIN (for individuals) or Colorado Account Number or FEIN (for other business entities) is listed on each form.