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- 8997 - Entering QOF data in Part I and Part IV
8997 - Entering QOF data in Part I and Part IV
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beepyoyo-sbcglo
Level 2
04-14-2024
07:42 PM
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Client has continuing 2019 investment in a QOF. This needs to be entered in Part I of Form 8997, since it was held at the beginning of 2023. Because this investment continued to be held at 12/31/23 the instructions appear to indicate that it should also be described in Part IV. However, ProConnect appears to require a choice between Part I and Part IV. If I'm reading instructions correctly, how should this be addressed?
