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A
Anonymous
January 26, 2020
Question

Is capital gains deferral with Qualified Opportunity Funds investement supported in turbo tax for 2019?

  • January 26, 2020
  • 1 reply
  • 0 views
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1 reply

A
Anonymous_
Employee
January 27, 2020

Form 8997 is not currently supported.

J
jmsandlin
February 2, 2020

What about Form 8949? I have IRS instructions for the entries but TurboTax does not recognize the "Z" code for column F. When will TurboTax update the software to recognize capital gains deferrals due to investment in a Qualified Opportunity Fund?

A
Anonymous_
Employee
February 2, 2020
@jmsandlin wrote:

When will TurboTax update the software to recognize capital gains deferrals due to investment in a Qualified Opportunity Fund?

The information I have, currently, is that Form 8997 will not be supported for the 2019 tax year.

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