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Question

Schedule D - Qualified Opportunity Fund Question

Forum|Forum|3 years ago
March 21, 2023
1 reply
0 views

I have both short & long-term capital gains and losses. Filing Sch D & Form 8949. No QOF. 1st question on Sch D asks about QOF requires yes or no. Turbo tax does not mark either. Why?

It is really only necessary to mark an answer if it is "YES". Here are the IRS Instructions:

Disposal of QOF investment.

If you disposed of any investment in a QOF during the tax year, check the box on page 1 of Schedule D and see the Instructions for Form 8949 for additional reporting requirements. You must also complete Part III of Form 8997. See the instructions for Form 8997 for details.

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