How do I elect qualified opportunity zone deferrals in Turbo Tax Deluxe 2018?

[greenbergs]

Thanks for your reply! I agree, how can Turbotax continue to ignore this?

[greenbergs]

I've used Turbotax for the last six years, at least. Unfortunately, I already purchased this year's version, and it's useless to me. I won't ever buy it again.

[john_w]

woodward-apart — Those were good suggestions on a workaround.  Did you have to make any overrides to Form 6251?  After following your steps for 2019, my Form 6251 shows that I owe AMT because the deferral is not recognized.  (I haven’t been able to find out whether opportunity zones deferrals are supposed to be supported by AMT in the first place, though.)

[taxnerd82]

Thanks to everyone for posting on this thread.  I followed the directions from woodward-apart and all went well.  

Here's the interesting thing:  I was able to e-file.  Was anybody else able to e-file?

I had to fill out form 8453 and mail it in along with the 8949 form in which I inputted the capital gains deferrals (per woodward).  With this package, I also mailed in form 8997 where you have to record you opportunity zone investments.  Hopefully this is good enough for the IRS.  My general rule is that if they get their money, they should be good, even if they need to read the mail.

Hey Turbotax - You suck.  Fix this next year or lose a 15 year customer.

Adam

[Swiftlearner]

Has TurboTax committed to a schedule to support QOZ investment filing in general?

Ie support of form 8949 and 8997 before JUly 15, 2020?