How do I report my investment in an Opportunity Fund? I can't find Form 8996. I want to defer tax on capital gains.
TurboTax does not support deferring capital gain by investing in Qualified Opportunity Funds, and it does not support Form 8997. There is no way to enter the investment. If you want to defer capital gain by investing in a Qualified Opportunity Fund, you cannot use TurboTax to file your tax return.
The form that is used to report your investment in a Qualified Opportunity Fund is Form 8997. Form 8996 is filed by the fund, not by the individual investors.