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Get your taxes done using TurboTax
@mkneale Your approach will not work. It will not put code Z in column (f) on Form 8949, and it will not include the required Form 8997 in your tax return.
I repeat what I said above:
"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."
If you want to defer capital gain by investing in a Qualified Opportunity Fund, you cannot use TurboTax to file your tax return. There is no way to make it work.
‎February 15, 2020
5:58 PM