Bouldergramp
Posts: 57
Joined: Mon Oct 15, 2018 10:36 am
Delivery Date: 15 Oct 2018
Leaf Number: 317621
Location: COLORADO

Colorado 2018 Income Tax

Sun Feb 17, 2019 8:56 am

I gave up trying to file online at the Colorado Revenue site and bought the H&R Block state tax package since I had already used their basic package to file my federal taxes. It was a smart decision. The final instructions for filing said:

- for each vehicle, attach a completed Form DR 0617, Innovative Motor Vehicle Credit (not provided in TaxCut); a copy of the invoice, purchase
agreement, or lease agreement for the qualifying motor vehicle; a copy of the Colorado vehicle registration for the qualifying motor vehicle; and a
vehicle history report (e.g., a CARFAX report).

I claimed the federal tax credit and filed online. It is not that easy in Colorado. The dealer supplied the DR 0617 and I made copies of the other documents. I assume no vehicle history report was needed for a new car purchase.

The H&R Block state package did not automatically claim the state tax credit even though it was claimed on my federal forms. I had to enter the innovative motor vehicle credit manually.

If all goes well, I will get a $2000 refund instead of owing $3000.

SageBrush
Posts: 4907
Joined: Sun Mar 06, 2011 2:28 am
Delivery Date: 13 Feb 2017
Location: NM

Re: Colorado 2018 Income Tax

Sun Feb 17, 2019 1:07 pm

The instructions for the Colorado tax credit match my recollection from last year. Since I had to mail that paperwork, I skipped the online choices and filled out the state income tax pdf and mailed it all together. Painless, really. No reason to buy any 'package.'
2013 LEAF 'S' Model with QC & rear-view camera
Bought off-lease Jan 2017 from N. California
Two years in Colorado, now in NM
03/2018: 58 Ahr, 28k miles
11/2018: 56.16 Ahr, 30k miles
-----
2018 Tesla Model 3 LR, Delivered 6/2018

goldbrick
Posts: 636
Joined: Tue Aug 01, 2017 3:33 pm
Delivery Date: 01 Aug 2017
Leaf Number: 311806
Location: Boulder, CO

Re: Colorado 2018 Income Tax

Tue Feb 19, 2019 12:59 pm

When I bought my Leaf the dealer (Tynan's in Aurora) took the $5k CO tax credit off the purchase price.

The current ads from Boulder Nissan, Valley Nissan and Tynan's also show an advertised discount that includes the $5k tax credit.

Bouldergramp
Posts: 57
Joined: Mon Oct 15, 2018 10:36 am
Delivery Date: 15 Oct 2018
Leaf Number: 317621
Location: COLORADO

Re: Colorado 2018 Income Tax

Tue Mar 05, 2019 9:23 am

No tax credit on income tax. Boulder Nissan included the Colorado Innovative motor vehicle tax credit form in my packet of information and I couldn't remember if it had been used to reduce the purchase price or not. I decided to try it anyway but it didn't get accepted by the Colorado Dept of Revenue.

SageBrush
Posts: 4907
Joined: Sun Mar 06, 2011 2:28 am
Delivery Date: 13 Feb 2017
Location: NM

Re: Colorado 2018 Income Tax

Tue Mar 05, 2019 12:25 pm

Bouldergramp wrote:No tax credit on income tax. Boulder Nissan included the Colorado Innovative motor vehicle tax credit form in my packet of information and I couldn't remember if it had been used to reduce the purchase price or not. I decided to try it anyway but it didn't get accepted by the Colorado Dept of Revenue.
+/- $5,000 in the car price, easy to miss.
2013 LEAF 'S' Model with QC & rear-view camera
Bought off-lease Jan 2017 from N. California
Two years in Colorado, now in NM
03/2018: 58 Ahr, 28k miles
11/2018: 56.16 Ahr, 30k miles
-----
2018 Tesla Model 3 LR, Delivered 6/2018

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