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New Reporting Form

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Installment Sale
New reporting form for Qualified Opportunity Fund (QOF) investments

New reporting form for Qualified Opportunity Fund (QOF) investments.  Form 8997, Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments, is a new form starting in tax year 2019. Form 8997 is used to report holdings, deferred gains, and dispositions of QOF investments. See the instructions for Form 8997 for more information.

IRS - More Info March 31, 2021 No Comments

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  • Welcome
  • FAQs Installment Sales
    • Introduction Installment Sales
    • What are the benefits of using Installment Sale?
    • What are the Requirements of an Installment Sale?
    • Basics of the Installment Sale
    • Depreciation Recapture
    • Example of Installment Sale
  • Resources IRS
    • Introduction IRS
    • General Rules
    • Other Rules
    • Disposition of an Installment Obligation
    • Repossession
    • Interest on Deferred Tax
    • Special Rules for Capital Gains Invested in QOF
    • Reporting an Installment Sale
  • Blog
  • About
  • Contact Us
  • Welcome
  • FAQs Installment Sales
    • Introduction Installment Sales
    • What are the benefits of using Installment Sale?
    • What are the Requirements of an Installment Sale?
    • Basics of the Installment Sale
    • Depreciation Recapture
    • Example of Installment Sale
  • Resources IRS
    • Introduction IRS
    • General Rules
    • Other Rules
    • Disposition of an Installment Obligation
    • Repossession
    • Interest on Deferred Tax
    • Special Rules for Capital Gains Invested in QOF
    • Reporting an Installment Sale
  • Blog
  • About
  • Contact Us