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Deductions & credits
It sounds like you're referring to Colorado's Innovative Motor Vehicle Credit. If so, the program is working correctly.
At the beginning of the Innovative Motor Vehicle Credit interview is a screen titled Motor Vehicle Tax Credit Assigned to Financing Company?. The text below is, Did you assign your motor vehicle tax credit to a financing company?
If you select Yes, this means that you've assigned the credit to a financing company, and you won't get the credit on your tax return.
If you select No, you may be eligible for the credit, assuming other requirements are met.
If this isn't what you're referring to, feel free to post back with more information.
March 31, 2024
12:13 PM