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Level 2
December 17, 2019
Question

Opportunity Zone Gain Deferral

  • December 17, 2019
  • 1 reply
  • 5 views

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 Lacerte? The only instructions I've found were for Form 8949.

 

Thank you in advance! 

This topic has been closed for replies.

1 reply

George4Tacks
Level 15
December 19, 2019

@IntuitCharlene made a post that probably contains the solution https://accountants-community.intuit.com/articles/1801290-rollover-to-qualified-opportunity-fund%C2%A0

Maybe @IntuitAustin can get the link in that response repaired.

EDITED to correct broken link.  

Answers are easy. Questions are hard!
Level 2
December 19, 2019

I found this question and replied on it earlier this week, with no response.

 

https://proconnect.intuit.com/community/industry-discussions/discussion/how-to-report-deferred-gain-going-into-qualified-opportunity/00/1831

Hopefully someone can fix the link.

 

Thank you all!