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I do not own a Qualified Opportunity fund. How do I answer the first question on Schedule D regarding disposition?

 
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2 Replies
SabrinaD2
Employee Tax Expert

I do not own a Qualified Opportunity fund. How do I answer the first question on Schedule D regarding disposition?

If you do not own or have never invested in a Qualified Opportunity Fund (QOF), you should answer "No" to the first question on Schedule' D, which asks, "Did you dispose of any investment(s) in a qualified opportunity fund during the tax year?"

 

For detailed instructions on how to complete Schedule 'D, you can refer to the IRS Schedule D Instructions

I do not own a Qualified Opportunity fund. How do I answer the first question on Schedule D regarding disposition?

Thanks for the reply.  I am aware I have to answer the question if I disposed of QOF on scheduled D even though I never owned it.  However, I nearly completed Turbo Tax Premier and I did not see this question for me to answer.  I may have to abandon Turbo Tax if there is a good possibility that the IRS may reject my return for this reason.

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