Do full-service Turbotax returns support qualified opportunity zone fund investments?

[fastlapp]

Hello, I plan to defer a 2021 short-term capital gain by purchasing a qualified opportunity zone fund before the end of the calendar year. I understand I cannot self-file IRS Form 8949 using TurboTax software. Can this be accomplished through Turbotax I purchase a full-service "expert-prepared" tax filing?

I also need advice on two questions:
1) Can I defer gross capital gains realized within the past 180 days (e.g. capital gains without regards to losses), or just net capital gains? I understand that gross deferral is allowed based on my reading of the tax code, but I would like to confirm.
2. If I purchase a QOZF interest this year and sell in 2022, is there any penalty to exiting the QOZF early? Of course the taxes would be due at that time and I would not receive the other benefits (step up in basis, elimination of gains on the QOZF). Just want to understand if exiting early is penalized in any way.

Thank you

[M-MTax]

I can't figure how Turbotax full-serv would support something the program doesn't but you can call customer service to make sure.

This is a good IRS site for this........

https://www.irs.gov/credits-deductions/opportunity-zones-frequently-asked-questions

Should answer all of your questions.

[Critter-3]

If I were you I'd employ a local tax pro instead of using the TT LIVE product  but for the record, since the option to have someone complete your return will NOT allow the tax pro to use the DIY TT program then it would depend on their professional program's ability to efile that form.  So instead of playing phone tax with a tax pro you cannot see face to face I recommend you seek local professional assistance to get all your questions answered.  Funny they don't post a flat fee for that option so who knows what you will pay in the end  ...  

https://turbotax.intuit.com/personal-taxes/online/live/full-service/