turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

whlnoone1
New Member

I am completing the Colorado tax return. I do NOT qualify for Innovative Vehicle tax credit, but TurboTax has automatically added a $8000 credit. How do I remove that?

I need to remove a credit that Turbo Tax has automatically added.
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
JohnW152
Expert Alumni

I am completing the Colorado tax return. I do NOT qualify for Innovative Vehicle tax credit, but TurboTax has automatically added a $8000 credit. How do I remove that?

To remove your innovative motor vehicle credit information in TurboTax Online: 

  1. Open TurboTax Online
  2. Select Tax Home in the left pane
  3. On the  Hi, let's keep working on your taxes! screen, select the dropdown on the right side of the State Taxes box, then select StartContinue, or Pick up where you left off
  4. Proceed through the state screens until you come to the Take a look at Colorado credits and taxes screen
  5. Near the top of the page, select Edit to the right of Innovative Motor Vehicle Credit
  6. On the Motor Vehicle Tax Credit Assigned to Financing Company? screen, answer Yes

This will remove the credit from your return.  Don't worry, you're not perjuring yourself by making this statement.  The state doesn't see this response -- your answer simply disqualifies you for the credit within the TurboTax program.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies