Form 8996

Fler5321 — Wed, 08 Jul 2020 03:49:37 GMT

I invested capital gain from selling a piece of property in the Opportunity Zone. How I file form 8996 for the deferred gain?

Thanks,

Re: Form 8996

JotikaT2 — Tue, 14 Jul 2020 18:17:42 GMT

This form is not supported within TurboTax. You will need to complete the form on your own and mail it in with your tax return.

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Please see the following links for the instructions and the blank form.

Form 8996

Form 8996 instructions

Re: Form 8996

Pazzy — Wed, 13 Oct 2021 18:44:02 GMT

I am very confused. I received a Form 8996 from one of my investments as well. Per IRS Form 8996 instructions, this form is to be filed by a corporation or partnership:

Who Must File
A corporation or partnership that is organized and operated as a QOF must
file Form 8996 annually with one of the following tax returns, as applicable.
• Form 1120, U.S. Corporation Income Tax Return.
• Form 1120-F, U.S. Income Tax Return of a Foreign Corporation. A QOF organized in a U.S. possession is
eligible to attach Form 8996 to its Form 1120-F.
• Form 1120-REIT, U.S. Income Tax Return for Real Estate Investment Trusts.
• Form 1120-RIC, U.S. Income Tax Return for Regulated Investment Companies.
• Form 1120-S, U.S. Income Tax Return for an S Corporation.
• Form 1065, U.S. Return of Partnership Income.

So the form I received is already completed and filed by the partnership. I received it along with my Schedule K-1. Do I need to file form 8996 with my personal tax returns at all? It does not seem relevant.

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Form 8996

Re: Form 8996

Re: Form 8996