What about this approach:
- create a new sale of stock, checking box F for long-term unreported gains
- box 1A: enter the EIN for the QOF
- box 1B: enter the date the QOF investment was made
- box 1D Proceeds: enter 0
- box 1E Basis: enter 0
- check the box for "the cost basis is incorrect"
- click through the next screen "none of these apply"
- check the button for "I know my cost basis and need to make an adjustment"
- enter the amount of gains you are deferring as a positive number into the cost basis field
I think, but am not sure, that this gets all the right fields filled out correctly in form 8949 (turbotax I think will show a negative adjustment to your cost basis in 8949 column (g). One problem is there is still no way to indicate code "Z" in column (f).
What do you think does this work?
