Where can I file my form 8997?

Forum|Forum|2 years ago
September 25, 2023
1 reply
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TurboTax doesn't seem to have form 8997 as part of there online product. So, I've filled out the fillable PDF form 8997 from the IRS.

Can that form 8997 be file electronically filed (and how)? I would need to file it separate from my federal tax return, since I've already filed my tax return electronically? If I need to paper-file the form 8997, to what address should I file that hard-copy 8997? I'm a resident of Maryland, I so I thought perhaps I could file that form 8997 to the IRS office in Kansas City, which is the address to file a paper 1040.

Thanks for any insight the group has.

Critter-3

Who Must File
An eligible taxpayer holding a QOF
investment at any point during the tax
year must file Form 8997 with the
taxpayer’s timely filed federal income tax
return (including extensions). An eligible
taxpayer is a person that is required to
report the recognition of gains during the
tax year under federal income tax
accounting principles. If you are not
otherwise required to file a return, with
the exception of grantor trusts, but you
are an eligible taxpayer who held a QOF
investment at any point during the tax
year, attach Form 8997 to an appropriate
return, such as Form 1040-NR or Form
1120-F, with your name, address, and
identification number.

https://www.irs.gov/pub/irs-pdf/f8997.pdf

jalagunaAuthor

Critter-3, thanks for the reply. So, I am required to file 2022 fed tax return and I have done so electronically. That 1040 form was filed a few weeks ago. I did not file the 8997 *with* that tax return. I know I'm supposed to file the 8997...so, how and where can I file that 8997 form at this point, since I can no longer file that form *with* my 1040? Thanks!

Penguintax

It appears in that case keep your f8997 handy and just wait until IRS asks for the missing form.

Whatever you do, do NOT try to send in a paper return (after e-file).

I tried this last year by sending in a cover letter with the 1040 plus the missing form after an e-file. It really confused the IRS (it looked like I sent in two returns in their system) and it got very messy requiring several phone calls to fix it all - just don't. If you already e-file then let it process.

Here's the info on when to file an amended return which pretty much the only option you have after you've filed a return.

Math errors and missing schedules don't usually require an amended return:

Taxpayers usually do not need to file an amended return to fix a math error or if they forgot to attach a form or schedule. The IRS will correct the math error while processing the tax return and notify the taxpayer by mail. The agency will send a letter requesting any missing forms or schedules.

Source:

https://www.irs.gov/newsroom/mistakes-happen-heres-when-to-file-an-amended-return