I still highly recommend TaxActOnline for QOZ stuff. However, you really must be somewhat familiar with tax code to use TaxActOnline. It "ain't written for six year olds." But if you are investing in a QOZ stuff you probably are familiar.
My Form 8997 was fine, no questions from IRS on it.
I do have one "nit pick" with TaxAct Online. It won't let you do a Form 2210 (Underpayment of Estimated Tax) if you have a refund coming. You have to "trick" the web site by removing all tax payments from all sources (withheld on W-2 or estimated) until you show NO tax payments then it will allow you to bring it up. Once you have started the Form 2210, you can go back and put the tax payments back in to the W-2 and other estimated. I called up TaxAct and told them this was a "flaw" and they swore up and down that if you are getting a refund you do not need to fill out a Form 2210. Well, I have numerous letters and documents from arguing this previously with the IRS. It doesn't matter whether or not you are getting a refund. If you made estimated tax payments either manually via Form 1040-ES or online on IRS web site, then you MUST do a Form 2210. Even if you overpaid and are getting a refund.
One more nitpick on TaxAct Online. I filed a Form 1040X (Amendment) on TaxAct (no charge YAY!!!) for an additional $700 of income and paid the $120 that was calculated as tax owed. IRS came back and said I owed $1500. Right. 200% tax rate. Nope. I argued and argued and finally found a smart IRS agent who said that on my Form 1040X I failed to disclose that the QDCGTW (Qualified Dividends Capital Gains Tax Worksheet) is to be applied as opposed to "tax tables." It was applied on my original return but I failed to disclose in on 1040X. WELL I THOUGHT IT WOULD CARRY OVER TO AN AMENDMENT! I called TaxAct Online about this, and they didn't seem to care. I still feel I should not have had to disclose that on Form 1040X as it was disclosed on original return. I do blame TaxAct on this.
Like I said, if you use TaxAct, you need to be somewhat familiar with tax law because it ain't written at a six year old level.
