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Can I still defer tax on capital gain I invested in a QOF since I have already filed my 2021 tax return?


Answers
  • Valerie Grunduski
    October 20, 2021

    If you meet all of the qualifications related to the 180-day reinvestment period, you will need to amend your return to report the gain deferral on Form 8949 as well as complete the initial Form 8997.

  • Matthew Rappaport
    October 12, 2021

    To my knowledge, it is permissible to amend your return to report a timely deferral into a Qualified Opportunity Fund (QOF).

  • Brett Siglin
    October 12, 2021

    You can if the event triggering the capital gain was in the last 180 days.

  • Maria De Los Angeles Rivera
    October 28, 2021

    If all requirements are met, you could amend your return and make the election.

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