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Level 2
March 6, 2020
Question

opportunity zone fund

  • March 6, 2020
  • 6 replies
  • 19 views

where does the tax deferreal from form 8997 go on the tax return.  I did not automatically flow thru and I don't see where to put it

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6 replies

Intuit Community Champion
March 6, 2020

when you are deferring gain do not report the 1099-B on schedule D. Use 8949 to report, and go all way down to bottom to report you are deferring gain invested in QO fund. At top check box that you did not receive 1099-B (even if you did)

michaelnAuthor
Level 2
March 8, 2020

I can't see where I report the gain on an investment into an opportunity fund and how that flows thru  I think I filled out the 8949 and 8997 correctly, but nothing went to the return