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Deductions & credits

To file form Dr 0617 in TurboTax:

  1. Open you Colorado Return.
  2. Continue until you get to the screen Take a look at Colorado credits and taxes
  3. Under Personal, Home and Family Credits, Select Start next to Innovative Motor Vehicle Credit. 

 

A credit can be claimed by any taxpayer for each qualifying motor vehicle or truck they purchase, lease, or convert. A Colorado income taxpayer need not be resident in order to qualify for the credit. In the case of a lease of a qualifying motor vehicle or truck, the credit is allowed to the lessee and not to the lessor, except for certain short-term leases of motor vehicles through transportation network companies, discussed on page 3 of this publication. State and local governments cannot claim the credit.

CO Department of Revenue

 

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