Income Tax Forms for Individuals & Families - Tax Colorado 2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by filling out Boxes 1-5 with the required information, including well name, lease, field, county, and API well number.
3. For Line 6, enter your total gross income on both cash and accrual basis. Ensure you report all payments made during the year for accurate calculations.
4. In Line 7, specify the gross income attributable to stripper well production using both cash and accrual methods.
5. Line 8 requires you to input the ad valorem tax on oil and gas production. Report only taxes actually paid for cash basis and assessed amounts for accrual basis.
6. For Line 9, enter the ad valorem tax related specifically to stripper well production on both bases.
7. Complete Line 10 by entering the severance tax withheld during the calendar year.
8. Finally, fill in Boxes 11 and 12 with payee and payor information as required.

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