Welcome back! Ask questions, get answers, and join our large community of tax professionals.
Showing results for 
Search instead for 
Did you mean: 

Qualified opportunity Fund

Level 1

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

Labels (1)
0 Cheers
1 Reply 1
Level 11
Level 11

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.

0 Cheers