If you’re an investor in Park View OZ REIT, it’s important to understand the tax forms required to claim and maintain your Qualified Opportunity Fund (QOF) benefits. You’ll need to complete IRS Forms 8949, 8997, and possibly 8995, depending on your specific tax situation. Form 8949 is used to report capital gains and losses, including any gains you’ve elected to defer by investing in a QOF. Form 8997 provides an annual statement of your QOF investments, detailing any deferred gains and the status of your holdings throughout the tax year. If you’re eligible for the Qualified Business Income deduction, Form 8995 may also be applicable.
To assist you further, we’ve compiled a list of resources and tips for filling out these forms, including links to IRS instructions and guidance from tax professionals. Ensuring accurate and timely completion of these forms is crucial for maintaining compliance and maximizing your tax benefits. If you have any questions or need additional assistance, please don’t hesitate to reach out to us.
Materials provided by Park View OZ REIT or our affiliates have been prepared for informational purposes only and are not intended to provide or be relied on for tax, legal, or financial advice. You should consult your own tax and legal advisors before engaging in any transaction.