I’m having trouble on my State return it’s having me fill out a “innovative motor vehicle” section and I’m not sure why. I need to delete the form but it won’t let me.
I added a new truck greater than 6000lb for 100% business use at the end of December. Where is depreciation captured, as a business asset or under bus. veh. expenses?
While filing my colorado state taxes, there is a section called innovative motor vehicle credit. I did not buy a car but have $8000 dollars here. Why???
Help! I plan to converting a business and personal car to personal use - How to report it and recapture the depreciation?
Do i need to remove my car from the innovative motor vehicle section if i purchased it in february if this year? if so how cause it won’t let me go back