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Level 1
December 17, 2019
Question

how to defer gain into Qualified Opportunity Zone

  • December 17, 2019
  • 1 reply
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I have a client who received a K-1 (from a partnership) with a gain in box 10. This flows through to the 4797 and Schedule D. The client properly reinvested this gain into an opportunity zone. How do we enter this in ProSeries Professional? The only instructions I've found were for Form 8949.

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1 reply

Intuit Community Champion
December 17, 2019

The new schedule D worksheet in ProSeries has a box to check in part 1 line 3 to defer capital gains if invested in an QOZ fund