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"Motor Vehicle Tax Credit Assigned to Financing Company?" I did not do this, and my vehicle is not Electric and not registered in the State of Colorado. How do I opt out?

 
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JohnW152
Expert Alumni

"Motor Vehicle Tax Credit Assigned to Financing Company?" I did not do this, and my vehicle is not Electric and not registered in the State of Colorado. How do I opt out?

Once the Innovative Motor Vehicle Credit interview has been started in the Colorado portion of TurboTax, it can be difficult to remove all related information.

However, on the Motor Vehicle Tax Credit Assigned to Financing Company? screen, if you'll simply answer Yes, the credit will be removed 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.

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