IRS · Official form

Form 8996, Qualified Opportunity Fund

Form 8996 is how a corporation or partnership certifies itself as a qualified opportunity fund and reports each year whether it met the 90 percent investment standard. Fill in the official IRS PDF below and download it.

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What is 8996?

Form 8996, Qualified Opportunity Fund, serves two purposes: it is the self-certification a corporation or partnership files to become a qualified opportunity fund (QOF), and it is the annual report showing whether the fund held at least 90 percent of its assets in qualified opportunity zone property, measured on two testing dates during the year.

A fund that fails the 90 percent standard owes a monthly penalty computed on the form. Later parts of the form report the fund’s investments by opportunity zone census tract.

Who files 8996?

Corporations or partnerships electing to self-certify as a qualified opportunity fund
Existing QOFs filing the required annual investment standard report
Funds that failed the 90 percent asset test and must compute the penalty
QOFs reporting the census tracts where their qualified opportunity zone property is located

How to fill out 8996

Complete Part I to indicate whether this is a first-year certification and the month the entity became a QOF.
Enter the value of qualified opportunity zone property held on the two semiannual testing dates in Part II.
Compute the investment standard percentage and, if it is below 90 percent, figure the penalty in Part III.
Report investment amounts by qualified opportunity zone census tract in the remaining parts.
Download the completed PDF and attach it to the fund’s timely filed income tax return, such as Form 1120 or 1065.

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Page 1 22 fields

Page 2 85 fields

Total assets on the last day of the month. Column: (a) Month 1.

Row: 1. Total assets on the last day of the month. Column: (b) Month 2.

Row: 1. Total assets on the last day of the month. Column: (c) Month 3.

Row: 1. Total assets on the last day of the month. Column: (d) Month 4.

Row: 1. Total assets on the last day of the month. Column: (e) Month 5.

Row: 2. Multiply line 1 by 0.90. Column: (a) Month 1.

Row: 2. Multiply line 1 by 0.90. Column: (b) Month 2.

Row: 2. Multiply line 1 by 0.90. Column: (c) Month 3.

Row: 2. Multiply line 1 by 0.90. Column: (d) Month 4.

Row: 2. Multiply line 1 by 0.90. Column: (e) Month 5.

Row: 3. Total Q O Z property on the last day of the month. Column: (a) Month 1.

Row: 3. Total Q O Z property on the last day of the month. Column: (b) Month 2.

Row: 3. Total Q O Z property on the last day of the month. Column: (c) Month 3.

Row: 3. Total Q O Z property on the last day of the month. Column: (d) Month 4.

Row: 3. Total Q O Z property on the last day of the month. Column: (e) Month 5.

Row: 4. Subtract line 3 from line 2. If less than zero, enter 0. Column: (a) Month 1.

Row: 4. Subtract line 3 from line 2. If less than zero, enter 0. Column: (b) Month 2.

Row: 4. Subtract line 3 from line 2. If less than zero, enter 0. Column: (c) Month 3.

Row: 4. Subtract line 3 from line 2. If less than zero, enter 0. Column: (d) Month 4.

Row: 4. Subtract line 3 from line 2. If less than zero, enter 0. Column: (e) Month 5.

Row: 5. Underpayment rate. Column: (a) Month 1.

Row: 5. Underpayment rate. Column: (b) Month 2.

Row: 5. Underpayment rate. Column: (c) Month 3.

Row: 5. Underpayment rate. Column: (d) Month 4.

Row: 5. Underpayment rate. Column: (e) Month 5.

Row: 6. Multiply line 4 by line 5. Column: (a) Month 1.

Row: 6. Multiply line 4 by line 5. Column: (b) Month 2.

Row: 6. Multiply line 4 by line 5. Column: (c) Month 3.

Row: 6. Multiply line 4 by line 5. Column: (d) Month 4.

Row: 6. Multiply line 4 by line 5. Column: (e) Month 5.

Row: 7. Divide line 6 by 12.0. Round up to two decimal places. See instructions if Part I, line 3 is "Yes". Column: (a) Month 1.

Row: 7. Divide line 6 by 12.0. Round up to two decimal places. See instructions if Part I, line 3 is "Yes". Column: (b) Month 2.

Row: 7. Divide line 6 by 12.0. Round up to two decimal places. See instructions if Part I, line 3 is "Yes". Column: (c) Month 3.

Row: 7. Divide line 6 by 12.0. Round up to two decimal places. See instructions if Part I, line 3 is "Yes". Column: (d) Month 4.

Row: 7. Divide line 6 by 12.0. Round up to two decimal places. See instructions if Part I, line 3 is "Yes". Column: (e) Month 5.

Row: 1. Column: (f) Month 6.

Row: 1. Column: (g) Month 7.

Row: 1. Column: (h) Month 8.

Row: 1. Column: (i) Month 9.

Row: 1. Column: (j) Month 10.

Row: 1. Column: (k) Month 11.

Row: 1. Column: (l) Month 12.

Row: 2. Column: (f) Month 6.

Row: 2. Column: (g) Month 7.

Row: 2. Column: (h) Month 8.

Row: 2. Column: (i) Month 9.

Row: 2. Column: (j) Month 10.

Row: 2. Column: (k) Month 11.

Row: 2. Column: (l) Month 12.

Row: 3. Column: (f) Month 6.

Row: 3. Column: (g) Month 7.

Row: 3. Column: (h) Month 8.

Row: 3. Column: (i) Month 9.

Row: 3. Column: (j) Month 10.

Row: 3. Column: (k) Month 11.

Row: 3. Column: (l) Month 12.

Row: 4. Column: (f) Month 6.

Row: 4. Column: (g) Month 7.

Row: 4. Column: (h) Month 8.

Row: 4. Column: (i) Month 9.

Row: 4. Column: (j) Month 10.

Row: 4. Column: (k) Month 11.

Row: 4. Column: (l) Month 12.

Row: 5. Column: (f) Month 6.

Row: 5. Column: (g) Month 7.

Row: 5. Column: (h) Month 8.

Row: 5. Column: (i) Month 9.

Row: 5. Column: (j) Month 10.

Row: 5. Column: (k) Month 11.

Row: 5. Column: (l) Month 12.

Row: 6. Column: (f) Month 6.

Row: 6. Column: (g) Month 7.

Row: 6. Column: (h) Month 8.

Row: 6. Column: (i) Month 9.

Row: 6. Column: (j) Month 10.

Row: 6. Column: (k) Month 11.

Row: 6. Column: (l) Month 12.

Row: 7. Column: (f) Month 6.

Row: 7. Column: (g) Month 7.

Row: 7. Column: (h) Month 8.

Row: 7. Column: (i) Month 9.

Row: 7. Column: (j) Month 10.

Row: 7. Column: (k) Month 11.

Row: 7. Column: (l) Month 12.

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

Page 3 119 fields

Column: Enter every Q O Z where Q O Z business property directly owned or leased by the taxpayer is located. (a) Q O Z No.

Row: 1. Column: Q O Z business property held directly on last day of the first 6-month period of the tax year. (b) Owned Property Value.

Row: 1. Column: Q O Z business property held directly on last day of the first 6-month period of the tax year. (c) Leased Property Value.

Row: 1. Column: Q O Z business property held directly on last day of the tax year. (d) Owned Property Value.

Row: 1. Column: Q O Z business property held directly on last day of the tax year. (e) Leased Property Value.

Row: 2. Column: Column: Enter every Q O Z where Q O Z business property directly owned or leased by the taxpayer is located. (a) Q O Z No.

Row: 2. Column: Q O Z business property held directly on last day of the first 6-month period of the tax year. (b) Owned Property Value.

Row: 2. Column: Q O Z business property held directly on last day of the first 6-month period of the tax year. (c) Leased Property Value.

Row: 2. Column: Q O Z business property held directly on last day of the tax year. (d) Owned Property Value.

Row: 2. Column: Q O Z business property held directly on last day of the tax year. (e) Leased Property Value.

Row: 3. Column: Column: Enter every Q O Z where Q O Z business property directly owned or leased by the taxpayer is located. (a) Q O Z No.

Row: 3. Column: Q O Z business property held directly on last day of the first 6-month period of the tax year. (b) Owned Property Value.

Row: 3. Column: Q O Z business property held directly on last day of the first 6-month period of the tax year. (c) Leased Property Value.

Row: 3. Column: Q O Z business property held directly on last day of the tax year. (d) Owned Property Value.

Row: 3. Column: Q O Z business property held directly on last day of the tax year. (e) Leased Property Value.

Row: 4. Column: Column: Enter every Q O Z where Q O Z business property directly owned or leased by the taxpayer is located. (a) Q O Z No.

Row: 4. Column: Q O Z business property held directly on last day of the first 6-month period of the tax year. (b) Owned Property Value.

Row: 4. Column: Q O Z business property held directly on last day of the first 6-month period of the tax year. (c) Leased Property Value.

Row: 4. Column: Q O Z business property held directly on last day of the tax year. (d) Owned Property Value.

Row: 4. Column: Q O Z business property held directly on last day of the tax year. (e) Leased Property Value.

Row: 5. Column: Column: Enter every Q O Z where Q O Z business property directly owned or leased by the taxpayer is located. (a) Q O Z No.

Row: 5. Column: Q O Z business property held directly on last day of the first 6-month period of the tax year. (b) Owned Property Value.

Row: 5. Column: Q O Z business property held directly on last day of the first 6-month period of the tax year. (c) Leased Property Value.

Row: 5. Column: Q O Z business property held directly on last day of the tax year. (d) Owned Property Value.

Row: 5. Column: Q O Z business property held directly on last day of the tax year. (e) Leased Property Value.

Row: 6. Column: Column: Column: Enter every Q O Z where Q O Z business property directly owned or leased by the taxpayer is located. (a) Q

Row: 6. Column: Q O Z business property held directly on last day of the first 6-month period of the tax year. (b) Owned Property Value.

Row: 6. Column: Q O Z business property held directly on last day of the first 6-month period of the tax year. (c) Leased Property Value.

Row: 6. Column: Q O Z business property held directly on last day of the tax year. (d) Owned Property Value.

Row: 6. Column: Q O Z business property held directly on last day of the tax year. (e) Leased Property Value.

Row: 7. Column: Column: Enter every Q O Z where Q O Z business property directly owned or leased by the taxpayer is located. (a) Q O Z No.

Row: 7. Column: Q O Z business property held directly on last day of the first 6-month period of the tax year. (b) Owned Property Value.

Row: 7. Column: Q O Z business property held directly on last day of the first 6-month period of the tax year. (c) Leased Property Value.

Row: 7. Column: Q O Z business property held directly on last day of the tax year. (d) Owned Property Value.

Row: 7. Column: Q O Z business property held directly on last day of the tax year. (e) Leased Property Value.

Row: 8. Column: Column: Enter every Q O Z where Q O Z business property directly owned or leased by the taxpayer is located. (a) Q O Z No.

Row: 8. Column: Q O Z business property held directly on last day of the first 6-month period of the tax year. (b) Owned Property Value.

Row: 8. Column: Q O Z business property held directly on last day of the first 6-month period of the tax year. (c) Leased Property Value.

Row: 8. Column: Q O Z business property held directly on last day of the tax year. (d) Owned Property Value.

Row: 8. Column: Q O Z business property held directly on last day of the tax year. (e) Leased Property Value.

Row: 9. Column: Column: Enter every Q O Z where Q O Z business property directly owned or leased by the taxpayer is located. (a) Q O Z No.

Row: 9. Column: Q O Z business property held directly on last day of the first 6-month period of the tax year. (b) Owned Property Value.

Row: 9. Column: Q O Z business property held directly on last day of the first 6-month period of the tax year. (c) Leased Property Value.

Row: 9. Column: Q O Z business property held directly on last day of the tax year. (d) Owned Property Value.

Row: 9. Column: Q O Z business property held directly on last day of the tax year. (e) Leased Property Value.

1. If the taxpayer directly owned/leased Q O Z business property used in one or more Q O Zs, see instructions and enter the total Q O Z

1. Q O Z business property held directly on last day of the first 6-month period of the tax year. (c) Leased Property Value.

1. Q O Z business property held directly on last day of the tax year. (d) Owned Property Value.

1. Q O Z business property held directly on last day of the tax year. (e) Leased Property Value.

Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the tangible

Row: 1. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 1. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 1. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 1. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property Value.

Row: 1. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 1. Column: Tangible property held by Q O Z business on last day of tax year. (g) Owned Property Value.

Row: 1. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 2. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 2. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 2. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 2. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property Value.

Row: 2. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 2. Column: Tangible property held by Q O Z business on last day of tax year. (g) Owned Property Value.

Row: 2. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 3. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 3. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 3. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 3. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property Value.

Row: 3. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 3. Column: Tangible property held by Q O Z business on last day of tax year. (g) Owned Property Value.

Row: 3. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 4. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 4. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 4. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 4. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property Value.

Row: 4. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 4. Column: Tangible property held by Q O Z business on last day of tax year. (g) Owned Property Value.

Row: 4. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 5. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 5. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 5. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 5. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property Value.

Row: 5. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 5. Column: Tangible property held by Q O Z business on last day of tax year. (g) Owned Property Value.

Row: 5. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 6. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 6. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 6. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 6. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property Value.

Row: 6. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 6. Column: Tangible property held by Q O Z business on last day of tax year. (g) Owned Property Value.

Row: 6. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 7. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 7. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 7. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 7. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property Value.

Row: 7. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 7. Column: Tangible property held by Q O Z business on last day of tax year. (g) Owned Property Value.

Row: 7. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 8. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 8. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 8. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 8. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property Value.

Row: 8. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 8. Column: Tangible property held by Q O Z business on last day of tax year. (g) Owned Property Value.

Row: 8. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

1. If additional lines are needed, see instructions and enter total Q O Z business value held by the taxpayer from Part V I I, line 2,

1. Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment Value.

2. 6-month test Q O Z property. Add Part V, columns (b) and (c), and Part V I, column (c). Enter the total here and on Part I I, line 7.

3. Year-end test Q O Z property. Add Part V, columns (d) and (e), and Part V I, column (f). Enter the total here and on Part I I, line 10.

Applicable financial statement valuation method.

Alternative valuation method.

Page 4 252 fields

Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the tangible

Row: 1. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 1. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 1. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 1. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property Value.

Row: 1. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 1. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 1. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 2. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 2. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 2. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 2. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property Value.

Row: 2. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 2. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 2. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 3. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 3. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 3. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 3. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property Value.

Row: 3. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 3. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 3. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 4. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 4. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 4. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 4. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property Value.

Row: 4. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 4. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 4. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 5. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 5. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 5. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 5. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property Value.

Row: 5. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 5. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 5. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 6. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 6. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 6. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 6. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property Value.

Row: 6. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 6. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 6. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 7. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 7. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 7. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 7. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property Value.

Row: 7. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 7. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 7. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 8. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 8. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 8. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 8. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property Value.

Row: 8. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 8. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 8. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 9. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 9. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 9. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 9. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property Value.

Row: 9. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 9. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 9. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 10. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 10. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 10. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 10. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property

Row: 10. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 10. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 10. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 11. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 11. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 11. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 11. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property

Row: 11. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 11. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 11. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 12. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 12. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 12. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 12. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property

Row: 12. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 12. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 12. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 13. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 13. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 13. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 13. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property

Row: 13. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 13. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 13. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 14. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 14. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 14. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 14. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property

Row: 14. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 14. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 14. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 15. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 15. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 15. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 15. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property

Row: 15. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 15. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 15. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 16. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 16. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 16. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 16. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property

Row: 16. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 16. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 16. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 17. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 17. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 17. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 17. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property

Row: 17. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 17. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 17. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 18. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 18. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 18. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 18. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property

Row: 18. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 18. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 18. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 19. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 19. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 19. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 19. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property

Row: 19. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 19. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 19. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 20. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 20. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 20. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 20. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property

Row: 20. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 20. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 20. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 21. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 21. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 21. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 21. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property

Row: 21. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 21. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 21. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 22. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 22. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 22. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 22. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property

Row: 22. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 22. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 22. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 23. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 23. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 23. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 23. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property

Row: 23. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 23. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 23. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 24. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 24. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 24. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 24. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property

Row: 24. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 24. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 24. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 25. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 25. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 25. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 25. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property

Row: 25. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 25. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 25. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 26. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 26. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 26. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 26. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property

Row: 26. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 26. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 26. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 27. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 27. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 27. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 27. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property

Row: 27. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 27. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 27. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 28. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 28. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 28. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 28. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property

Row: 28. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 28. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 28. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 29. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 29. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 29. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 29. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property

Row: 29. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 29. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 29. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 30. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 30. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 30. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 30. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property

Row: 30. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 30. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 30. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

Row: 31. Column: For every Q O Z business in which the taxpayer holds stock or a partnership interest, enter every Q O Z in which the

Row: 31. Column: Value of Q O Z stock or partnership interest held on last day of the first 6-month period of the tax year apportioned to

Row: 31. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (d) Owned Property Value.

Row: 31. Column: Tangible property held by Q O Z business on last day of the first 6-month period of the tax year. (e) Leased Property

Row: 31. Column: Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment

Row: 31. Column: Tangible property held by Q O Z business on last day of the tax year. (g) Owned Property Value.

Row: 31. Column: Tangible property held by Q O Z business on last day of the tax year. (h) Leased Property Value.

1. If taxpayer invested in Q O Z business(es) that have locations in more than the Q O Zs listed in Part V I and above, see instructions

1. Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment Value.

2. Total columns (c) and (f). Enter the total here and on Part V I, line 1, columns (c) and (f), respectively. Value of Q O Z stock or

2. Value of Q O Z stock or partnership interest held on last day of the tax year apportioned to each Q O Z. (f) Investment Value.

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Frequently asked questions

How does an entity become a qualified opportunity fund?

By self-certification. An eligible corporation or partnership organized for investing in qualified opportunity zone property attaches Form 8996 to its timely filed return for the first year. No advance IRS approval is required.

What happens if the fund fails the 90 percent test?

The fund owes a penalty for each month it fails the standard, computed on Form 8996, unless it can show reasonable cause. Failing the test does not automatically end QOF status.

Form 8996, Qualified Opportunity Fund

What is 8996?

Who files 8996?

How to fill out 8996

Quick fill 8996 on this page

Frequently asked questions

Related forms

Form 8997, Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments

Form 1065, U.S. Return of Partnership Income

Form 8949, Sales and Other Dispositions of Capital Assets