A client sold some stocks to invest in a QOF.  He was told that he should be able to defer the gains.  I can't seem to fill out the forms correctly to make this happen.  I have the numbers for long/short term gains.  I know what was invested in these funds (more than the gains combined).  

I've tried clicking the box (and not clicking the box) on the schedule D regarding QOF.  

I've tried filling out Form 8997.  I have the fund name, EIN, amount invested, etc.  I tried using both the amount invested number and the long/short term gain number on this form.  

Has anyone done this before.  Nothing I do is making a difference.  I feel like there must be something simple I am missing.  I have read the form instructions and the FAQ from the IRS website.  

Thanks for your help. 

--Amy