Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
sll42655
New Member

How is it remotely possible Turbo Tax Premier doesn’t support Opportunity Zone investments?

 
1 Best answer

Accepted Solutions
tagteam
Level 15

How is it remotely possible Turbo Tax Premier doesn’t support Opportunity Zone investments?

No version of TurboTax supported Form 8997 for the 2019 tax year (or 2018, for that matter), so it is not exactly surprising that it would not be supported for 2020.

View solution in original post

3 Replies
tagteam
Level 15

How is it remotely possible Turbo Tax Premier doesn’t support Opportunity Zone investments?

No version of TurboTax supported Form 8997 for the 2019 tax year (or 2018, for that matter), so it is not exactly surprising that it would not be supported for 2020.

View solution in original post

Critter-3
Level 15

How is it remotely possible Turbo Tax Premier doesn’t support Opportunity Zone investments?

Sorry but some things are used so infrequently that they are not worth the cost to include them and the form 8997 is one of them.  You can add a manually calculated form to the downloaded program however the return will need to be mailed in.  There was some discussion here :   https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/qoz-qof-form-8997/01/...

jfbutcher2
Level 1

How is it remotely possible Turbo Tax Premier doesn’t support Opportunity Zone investments?

Other software providers support Opportunity Zone (Tax Act) so not really sure why it is not supported in Turbo Tax even if not frequently used.   There are a lot of forms not frequently used that are supported.  You will be losing one customer.  

Dynamic AdsDynamic Ads
Privacy Settings
v