I'm a LONG, LONG, TIME Turbotax (TT) user, and last year I invested in a OZ requiring 8997 and also the "Z" code in column (f) of form 8949. Since TT refuses to support either of these, I just used TT to prepare the return and then edited the 8949 and added the 8997 and sent in a paper copy. The IRS took nearly 4 months to even get the return in the system. I can't do this for the next 9 years (the remaining life of the OZ investment).
You'd think TT would AT LEAST support filling out for 8997 for years where no changes in OZ investments or withdrawals occur (i.e. ONLY parts I and IV of 8997). I'd really like to know why TT is writing off these users. I have to consider TaxAct now, and will just have to eat the 1-year of filling in all the info that is "legacy" in TT.
(I looked into the 1040-X option last year, but was a) unclear of the timing, trying to get the 1040-X in AFTER the 1040 was accepted/digested by the IRS, and b) had read somewhere that 1040-X was not appropriate if there was no change in income or tax; not sure if this is correct)
