Cynthiad66
Expert Alumni

Get your taxes done using TurboTax

 

 

Yes you can mail the form separately.

 

Form 8997, Initial and Annual Statement of Qualified Opportunity Fund  Investments is a new form. You can file your tax return without that, however according the new IRS rule all taxpayers who holds a QOF investment during the tax year must file Form 8997, even if they did not dispose of any QOF investments. It is unclear if there any penalties for not filing the form.  Per @npierson7

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