Artículo Qualified Opportunity Fund (QOF).. Qualified Opportunity Fund (QOF).

id="en_US_2025_publink10009193"> Qualified Opportunity Fund (QOF). Effective December 22, 2017, Code section 1400Z-2 provides a temporary deferral on inclusion in gross income for capital gains invested in QOFs, and permanent exclusion of capital gains from the sale or exchange of an investment in the QOF if the investment is held for at least 10 years. See the Instructions for Form 8949 on how to report your election to defer eligible gains invested in a QOF. See the instructions for Form 8997, Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments, for reporting information. For additional information, see Opportunity Zones Frequently Asked Questions at IRS.gov/Newsroom/Opportunity-Zones-Frequently-Asked-Questions . Qualified tuition programs (QTPs). A QTP (also known as a 529 program) is a program set up to allow you to either prepay or contribute to an account established for paying a student's qualified higher education expenses at an eligible educational institution. A program can be established and maintained by a state, an agency or instrumentality of a state, or an eligible educational institution. The part of a distribution representing the amount paid or contributed to a QTP isn’t included in income. This is a return of the investment in the program. In most cases, the beneficiary doesn’t include in income any earnings distributed from a QTP if the total distribution is less than or equal to adjusted qualified higher education expenses. See Pub. 970 for more information. Railroad retirement annuities. The following types of payments are treated as pension or annuity income and are taxable under the rules explained in Pub. 575, Pension and Annuity Income. Tier 1 railroad retirement benefits that are more than the social security equivalent benefit. Tier 2 benefits. Vested dual benefits. Rewards. If you receive a reward for providing information, include it in your income. Sale of home. You may be able to exclude from income all or part of any gain from the sale or exchange of your main home. See Pub. 523. Sale of personal items. If you sold an item you owned for personal use, such as a car, refrigerator, furniture, stereo, jewelry, or silverware, your gain is taxable as a capital gain. Report it as explained in the Instructions for Schedule D (Form 1040). You can’t deduct a loss. However, if you sold an item you held for investment, such as gold or silver bullion, coins, or gems, any gain is taxable as a capital gain and any loss is deductible as a capital loss. Example. You sold a painting on an online auction website for $100. You bought the painting for $20 at a garage sale years ago. Report your gain as a capital gain as explained in the Instructions for Schedule D (Form 1040). Scholarships and fellowships. A candidate for a degree can exclude amounts received as a qualified scholarship or fellowship. A qualified scholarship or fellowship is any amount you receive that’s for: Tuition and fees to enroll at or attend an educational institution; or Fees, books, supplies, and equipment required for courses at the educational institution. Amounts used for room and board don’t qualify for the exclusion. See Pub. 970 for more information on qualified scholarships and fellowship grants. Payment for services. In most cases, you must include in income the part of any scholarship or fellowship that represents payment for past, present, or future teaching, research, or other services. This applies even if all candidates for a degree must perform the services to receive the degree. For information about the rules that apply to a tax-free qualified tuition reduction provided to employees and their families by an educational institution, see Pub. 970. Department of Veterans Affairs (VA) payments. Allowances paid by the VA aren’t included in your income. These allowances aren’t considered scholarship or fellowship grants. Prizes. Scholarship prizes won in a contest aren’t scholarships or fellowships if you don’t have to use the prizes for educational purposes. You mu