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Level 1
posted Mar 23, 2022 7:46:10 AM

On 1040 Schedule D, the very first Yes/No question is not answered (neither "yes" or "no" is marked). The answer is "no". Does it need to be marked?

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2 Replies
Expert Alumni
Mar 23, 2022 8:07:17 AM

Yes, you do need to answer the question on Schedule D. 

  • Did you dispose of any investment(s) in a qualified opportunity fund during the tax year? Yes or  No If “Yes,” attach Form 8949 and see its instructions for additional requirements for reporting your gain or loss.

Definition:

A Qualified Opportunity Fund is an investment vehicle that is organized as a corporation or partnership for the purpose of investing in Qualified Opportunity Zone property (other than another Qualified Opportunity Fund).

Level 1
Mar 26, 2022 11:38:19 AM

Thank you DianeW777, but my question was misunderstood (given the limited characters to ask). I ended up calling tech support as I believe it is a software "bug". The fact is a I could NOT answer the question, no opportunity given. Fortunately my answer to the question is "no", so given that the software will not mark either answer, a non-answer is considered a "no" to the IRS. So I will be submitting my 1040 with neither "yes" or "no" marked.