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Level 15
Level 15

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Deferred gain for Qualified Opportunity Funds (Codes Y and Z on Form 8949) is in the list of Unsupported Calculations for 2019 TurboTax. It is not supported and is not going to be supported.


Here is the statement in the Unsupported Calculations document dated January 2, 2020. This is on page 4.


31. Deferred Gains for Qualified Opportunity Funds (Form 8949 for Codes Y and Z): The program does not support the reporting of deferring tax on an eligible gain by investing in a QOF, by using Code “Z” in column (f). The program does not support the reporting of the amount of eligible gain that you previously deferred and now need to recognize by using Code “Y” in column (f).


The PDF document is at the following link.


Unsupported Calculations and Situations in the 2019 TurboTax Individual Federal Tax Software Program