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willem
Level 2
September 10, 2026
Question

QOF Gains to report which has 1231 passive gain character

  • September 10, 2026
  • 2 replies
  • 40 views

how to report that in lacerte to make sure the passive losses get released if there are any

 

 

    2 replies

    PhoebeRoberts
    PhoebeRobertsIntuit Community Champion
    Intuit Community Champion
    September 10, 2026

    If this is coming through on a K-1, there’s a field for passive 1231 gains. 

      IntuitKatie
      IntuitKatieModerator
      Moderator
      September 11, 2026

      This article provides guidance for entering Qualified Opportunity Fund (QOF) transactions in Lacerte, including previously deferred gains from Section 1231 property:

      Entering a rollover to a Qualified Opportunity Fund (QOF) in Lacerte

      For passthrough K-1 reporting, this article also covers entering passive Section 1231 gains:

      Entering a K-1 capital gain (loss) and ordinary gain (loss) in Lacerte

      If you need assistance with the appropriate Lacerte inputs, please reach out to Lacerte Support.

      Thanks for being a part of the Community!

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