jerry
Level 7
‎07-26-2021 02:44 PM

Taxpayer received 8996 forms from the Qualified Opportunity Funds he invested in.

Do these need to be attached to his 1040?  I'm assuming the QOF's already filed the 8996's with their 1120's, but if so, why did they send them to my individual taxpayer?

Thanks!

Labels
0 Cheers
PhoebeRoberts
Level 11
Level 11
‎07-26-2021 02:46 PM

They have the information your guy needs for his 8997 (Screen 91).

jerry
Level 7
‎07-26-2021 03:42 PM

I'm confused - I don't see any information on the 8996 that's needed for the individual 1040 (except for the EIN...)

What am I missing?

0 Cheers
PhoebeRoberts
Level 11
Level 11
‎07-27-2021 09:48 AM

Yes, the EIN (and a paper for your file showing it's an actual QOF).