Form 8996 — Qualified Opportunity Fund

Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/f8996.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).

2 Is the taxpayer organized for the purpose of investing in qualified opportunity zone (QOZ) property (other than another qualified opportunity fund (QOF))?

No. STOP. Do not file this form with your tax return.

Yes. Go to line 3. 3 Is this the first period the taxpayer is a QOF?

Yes. By checking this box, you certify that by the end of the taxpayer’s first QOF year, the taxpayer’s organizing documents include a statement of the entity’s purpose of investing in QOZ property and a description of the trade or business(es) that the QOF is engaged in either directly or through a QOZ business. See instructions. No. 4 If you checked “Yes” on line 3, provide the first month in which the fund chose to be a QOF . . . . . . ^▶ 5 Did any investor dispose of, in part or in whole, their equity interest in the fund?

Yes. Attach a statement with each investor’s name, the date of disposal, and the interest that they transferred during the QOF’s tax year. No. 6 Do not check this box. Reserved for future use.

For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 37820G Form 8996 (Rev. 12-2021)

Form 8996 (Rev. 12-2021) Page 2 Part IV Line 15 Penalty If you checked “No” in Part III, line 15, complete Part IV to figure the penalty. Enter the number from line 8 below on Part III, line 15. See instructions if Part I, line 3, is “Yes.”

			(a) Month 1	(b) Month 2	(c) Month 3	(d) Month 4	(e) Month 5
1 Total assets on the last day of the month .
2 Multiply line 1 by 0.90 . . . . . . . .
3 Total QOZ property on the last day of the month . . . . . . . . . . . . .
4 Subtract line 3 from line 2. If less than zero, enter -0- . . . . . . . . . . . .
5 Underpayment rate . . . . . . . .
6 Multiply line 4 by line 5 . . . . . . .
7 Divide line 6 by 12.0. Round up to two decimal places. See instructions if Part I, line 3, is “Yes” . . . . . . . . . . .
	(f) Month 6	(g) Month 7	(h) Month 8	(i) Month 9	(j) Month 10	(k) Month 11	(l) Month 12
1
2
3
4
5
6
7

8 Penalty. Add columns (a) through (l) of line 7. Enter the total here and on Part III, line 15 . . . . . . . . . . . . . . . . . . . $

Form 8996 (Rev. 12-2021)

Form 8996 (Rev. 12-2021) Page 3

4 Type of accounting method used to value the property listed on this form.

Applicable financial statement valuation method. Alternative valuation method.

Form 8996 (Rev. 12-2021)

Form 8996 (Rev. 12-2021) Page 4

Part VII QOZ Stock or Partnership Interests (continue		ed)
For every QOZ business in which the taxpayer holds stock or a partnership interest, enter every QOZ in which the tangible property of the QOZ business is located and the EIN of that QOZ business	For every QOZ business in which the taxpayer holds stock or a partnership interest, enter every QOZ in which the tangible property of the QOZ business is located and the EIN of that QOZ business	Value of QOZ stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to each QOZ	Tangible property held by QOZ business on last day of the first 6-month period of the tax year	Tangible property held by QOZ business on last day of the first 6-month period of the tax year	Value of QOZ stock or partnership interest held on last day of the tax year apportioned to each QOZ	Tangible property held by QOZ business on last day of the tax year	Tangible property held by QOZ business on last day of the tax year
(a) QOZ No. (indicate non-QOZs by 99999999999)	(b) EIN of QOZ Business	(c) Investment Value	(d) Owned Property Value	(e) Leased Property Value	(f) Investment Value	(g) Owned Property Value	(h) Leased Property Value































1 If taxpayer invested in QOZ business(es) that have locations in more than the QOZs listed in Part VI and above, see instructions and enter total QOZ business value held by the taxpayer from continuation sheet . . 2 Total columns (c) and (f). Enter the total here and on Part VI, line 1, columns (c) and (f), respectively . .
1 If taxpayer invested in QOZ business(es) that have locations in more than the QOZs listed in Part VI and above, see instructions and enter total QOZ business value held by the taxpayer from continuation sheet . . 2 Total columns (c) and (f). Enter the total here and on Part VI, line 1, columns (c) and (f), respectively . .

Form 8996 (Rev. 12-2021)