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Will TurboTax 2021 support QOZ investments?

Minimally support the Z option on Form 8949?  Ideally also enabling the filing of a manually filled out Form 8997? Other tax software supports these simple options.

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2 Replies

Will TurboTax 2021 support QOZ investments?

That form is not on the 2021 list :  https://turbotax.intuit.com/personal-taxes/irs-forms/

rjs
Level 15
Level 15

Will TurboTax 2021 support QOZ investments?

TurboTax does not support deferring gain by investing in Qualified Opportunity Zones, and it is not going to be supported. TurboTax does not support codes Y and Z on Form 8949, nor does it support Form 8997, and they are not going to be supported. If you want to defer capital gain by investing in Qualified Opportunity Zones, you cannot use TurboTax to file your tax return.

 

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