I am having this issue too. But I think I have a workable solution: I will add in a "dummy" capital loss in TurboTax equal to my QOZ deferral. For example, if I have a $50k deferral that needs to be reported on form 8949, I will create a dummy capital loss stock in QOZ corporation of $50k within TurboTax, which will show up on form 8949. That way my TurboTax tax calculations will be correct (a $50k deferral is treated the same as a $50 tax loss). I will then print out my taxes in the form of a PDF file. I will then use a PDF editor to remove my dummy capital loss and add in my QOZ deferral on form 8949. I will also need to generate a form 8997 to report my QOZ deferral. I will then have to snail mail my return to the IRS and my state. But I think this method will allow me to generate 99% of my return correctly, aside from the PDF edited/created forms 8997 and 8949. Snail mailing will be FAR cheaper/quicker than hiring an accountant or reentering all my data into Tax Act. Anyone see any issues with this strategy?
