Thanks to all for sharing that Tax Act can handle deferred capital gains for OZ investments. I have multiple capital gains with the associated tax to be deferred by virtue of an investment in a single Qualified Opportunity Fund. The Tax Act rep suggested entering a QOF investment for each gain that I am deferring. Seems to me this will make things more complicated to enter, more complicated for the IRS, and more complicated when the QOF begins to unwind in 7 or 10 years. Does anyone see any harm in just entering the total dollar amount invested in the single QOF and not allocating the QOF investment to each capital gain?
