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Level 2
October 16, 2019

Qualified Opportunity Fund in Lacerte

  • October 16, 2019
  • 1 reply
  • 10 views

How to report disposition of a appreciable property and the gains being rolled over to a Qualified Opportunity Fund in Lacerte?

 

Client has real estate property that is being depreciated. He is intending to sell it and the capital gains to be invested in an opportunity fund.

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1 reply

George4Tacks
Level 15
October 16, 2019

Screen 17 - Just like a stock sale, scroll down to just above Form 4797 and there is an area for Qualified Opportunity Fund

Answers are easy. Questions are hard!
bkrisAuthor
Level 2
October 16, 2019

Is the treatment still the same even if the property was depreciated ans treated under Sch E in the prior years?