DXS
Level 3

Get your taxes done using TurboTax

The issue with Turbo Tax is that they are choosing NOT to support the Form 8997.  If you invest in a Qualified Opportunity Zone fund, you MUST use the Form 8997 which is detail to support the exclusion you report on Form 8949 (which is the detail to feed into Schedule D.)

 

I did some googling and I found an online (or can download software) company that WILL support the Form 8997. I am guessing that Intuit would not appreciate me mentioning it on here.  If TurboTax refuses to support the Form 8997 it's their loss.

 

If you want to find the company that DOES support the Form 8997, just google (name of a company), and Form 8997.  If you go through a list of all the competitors, you will find it.  I would love to tell you personally but I don't know if there is a message form on here.