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jfbutcher2
Level 1

Will Turbo Tax support opportunity zone investments for tax year 2020?

 
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Accepted Solutions
tagteam
Level 15

Will Turbo Tax support opportunity zone investments for tax year 2020?

The chances that TurboTax will support QOFs are slim to none considering the program has not supported them in the past and the relevant form (Form 8997) is not even in the program at this point.

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4 Replies
tagteam
Level 15

Will Turbo Tax support opportunity zone investments for tax year 2020?

The chances that TurboTax will support QOFs are slim to none considering the program has not supported them in the past and the relevant form (Form 8997) is not even in the program at this point.

View solution in original post

jfbutcher2
Level 1

Will Turbo Tax support opportunity zone investments for tax year 2020?

But you don’t actually know that.   How do I get an answer from someone at Intuit that actually knows?

euentgunn
Level 1

Will Turbo Tax support opportunity zone investments for tax year 2020?

I would also like to get an answer to this question before deciding if I'm going to buy Turbotax this year.

H&R block top level program supports it, but I don't want to have to move over as it is a pain, but I dont want to have to file on paper again because intuit/turbotax wont support a normal thing like an opportunity zone

 

gloriah5200
Expert Alumni

Will Turbo Tax support opportunity zone investments for tax year 2020?

No, because Form 8997 will not be supported in TurboTax 2020.

 

TurboTax Opportunity Zones 2020

 

 

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