Ok folks, I went into my current return in process and did a "dummy" entry. this is what you gotta do.
You make your entry from the Form 1099 for the stock you sold. After you make the entry, there is a question below asking if any of these "less common" things are part of the transaction. One of the selections is: "Proceeds are from a Qualified Opportunity Fund." CHECK THAT BOX. Then CONTINUE.
Then you get the whether or not cost basis was reported to the IRS, figure out and select, CONTINUE.
Sales Proceeds, Cost basis, CONTINUE.
On the next screen, there will be a drop down menu for OTHER ADJUSTMENT CODE.
Then and ONLY then will you get the option to select CODE Z. You have to mark the initial entry as I said above, check the box for "proceeds from QOZ."
That's what i remember. You won't get the Z code unless you check a certain box.
I hope this helps.
Now I screwed up my tax form gotta go undo it, ha ha ha.
