If this is the first time using TaxAct and you purchased your QOZ in a previous year, I don't think there is a screen to enter the carryover information. I thin...
Ok, in the screen where you enter your information, you enter the cost basis and the sale amount. Then there is a question on "other details" and you check "I n...
No no no no no no no no no. TaxActOnline is NOT user friendly and is NOT for dummies. I have an accounting degree and I do my own taxes and I still had to figur...
Found out some more information. If..... your QOZ is discontinuing and is NOT being bought out, you are hosed. BUT! If another company is BUYING OUT your QOZ an...
Ok, I have done some more research. Again, I am not a CPA, just a retired Federal Auditor who understands the tax law. Check with your tax professional. But her...