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Does TurboTax support Qualified Opportunity Fund (QOF) reporting for form 8949, box f code Z, and form 8997, the annual statement of QOF funds?
Qualified Opportunity Fund investments allow taxpayers to defer eligible gains. The deferment should be reported on Form 8949 as an adjustment code Z, and on form 8997, which details the QOF account balance. Does TurboTax support reporting of QOF deferments, where is the input for this, and what does TurboTax suggest if QOF reporting is not supported?
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‎April 10, 2021
8:55 PM