The IRS is providing guidance on reporting gains from qualified opportunity fund (QOF) investments. It gives instructions on how to report the deferring of eligible gains from Section 1231 property and the inclusion of those gains when the QOF investment is sold or exchanged. Taxpayers who defer eligible gains from such property, including gains from installment sales and like-kind exchanges, by investing in a QOF must report the deferral election on “Form 8949, Sales and Other Dispositions of Capital Assets,” in the deferral tax year. And taxpayers selling or exchanging a QOF investment must report the inclusion of the eligible gain on the form. See the guidance: https://bit.ly/2UPnMCN.