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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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Qualified opportunity Fund
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ABS CPA
Level 1
04-12-2021
02:23 PM
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My client re-invests capital gains from an installment sale into qualified opportunity funds to defer the payment of tax. The 2019 program had a Capital Gain worksheet, where you could enter all the data and it flowed through to Schedule D. I cannot locate that worksheet in the 2020 program. There is data entry on Form 8997, but I can't seem to get the data to flow through to Schedule D. I can't be the only one who has a client that invests in qof's. Where do you inp
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Terry53029
Level 14
04-12-2021
06:13 PM
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It is put on form 8997 to track when you bought QOF's. when you sell them or funds used to buy them you put on 1099B worksheet, and you double click any line when filling out the form.
