This is for 2019 but was the same for all prior years also and I have no reason to believe that TT will support it this year. I assume that this applies to the 8997 form also so I would not hold my breath waiting for it.
Calculations NOT supported by TurboTax.
31. Deferred Gains for Qualified Opportunity Funds (Form 8949 for Codes Y and Z): The program does not support the reporting of deferring tax on an eligible gain by investing in a QOF, by using Code “Z” in column (f). The program does not support the reporting of the amount of eligible gain that you previously deferred and now need to recognize by using Code “Y” in column (f).
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
