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Level 4
April 24, 2026
Question

Trying to input a QOZ inclusion event. Form 8949 instructions say to leave Columns (b) through (e) blank and have code "O" in column (f). System won't let me do that.

  • April 24, 2026
  • 2 replies
  • 10 views
In order to generate Code "O" in column (f) I have to input something in the Sales Proceeds and/or Cost Basis columns. Also on Form 4979 I have 2 line items in Part I, line 2 (one of which is related to QOZ gain) but it's not adding the 2 lines together for line 7 total.

    2 replies

    Just-Lisa-Now-
    Intuit Community Champion
    April 24, 2026
    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    Intuit Community Champion
    April 25, 2026

    I believe QOZ is a Qualified Opportunity Zone (a location), and you are trying to enter a QOF (which is an investment in a QOZ) When you are in the schedule D worksheet double click on any field, and you get a popup to select a new worksheet (Enter the name of the fund) scroll down almost to bottom, and that is where you enter QOF's to defer the gain on a QOF that is invested in a QOZ location