The Tax Act rep is wrong. The two relevant IRS forms are #8949 and #8997. On form #8949 you detail all your short term and long term capital gains/losses, AND you declare your capital gain deferals by placing a 'Z' in column f and detailing the QOF(s) and their allocated capital gain(s). You can have your capital gains come from 1 to 10,000 sources, each previously detailed in 8949. If your total gain were say $50,000. You could then allocate up to $50,000 in one or several QOFs, as long as you invested within the required 180 days. You do NOT have to say that $5 profit from stock A and $35 from stock B went into QOF #1, and $75 from stock C went into QOF #2. You also need to report all your new/sold/existing QOF activity in for 8997.
