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Investors & landlords
8997 is a very simple form, but Intuit may have decided that too few taxpayers that would need it, and that they were unlikely to lose many customers over a single missing form.
I do wonder if they took into account the loss of revenue from customers who must file paper returns because they need to submit 8997. If you file your Federal return on paper, then you are forced to file your state returns on paper too. Many QOZ investors have more complex tax returns including needing to file in multiple states -- so Turbotax is losing out on not just one state e-filing fee per customer, but in many cases multiple state e-filing fees they could be collecting.
‎October 15, 2024
12:29 PM
804 Views