No, TurboTax does not support the entry of more than one vehicle for the Colorado Innovative Motor Vehicle Credit. If you have more than one vehicle qualifying for this credit, a separate Form DR 0617 for each vehicle is required to be completed and attached to your Colorado income tax return.
You will need to mail in your Colorado state return and the income tax return claiming the credit must include the following attachments:
- A completed Form DR 0617 for each vehicle
- A copy of the invoice, purchase agreement or lease agreement for the qualifying motor vehicle
- A copy of the Colorado vehicle registration for the qualifying motor vehicle
- Any credit claimed for the purchase of a used vehicle must be accompanied by a Vehicle History
- Report" showing the vehicle was not previously registered in Colorado. A “Vehicle History Report” can be obtained from any of a number of third-party companies that offer such reports. An internet search for the phrase "Vehicle History Report" should provide a listing of companies that can produce this report.
The innovative motor vehicle credit is a refundable credit. The allowable credit is first applied against the income tax liability of the person who purchases, leases, or converts the qualifying motor vehicle. If the credit exceeds the tax due, the excess credit will be refunded.
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DR 0617
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