I was told, after talking with a TT CPA, that schedule D gain deferrals due to a qualified opportunity zone investment is not yet supported. H&R Block told me they support the transaction in their top level desktop program.
I overrode TT on 8949 by putting an X in column F and the amount to defer (as a negative) in column g., in accordance with IRS form guidance. The correct (lower) capital gain carries through on the 1040.
When running the TT reviews, the override entries show up as errors.
The return must be mailed (not filed electronically) due to the errors (I think).
I assume TT won't be tracking the deferral for its ultimate recognition.
Sad that TT doesn't support the deferral as allowed by the IRS.
