As long as you're in compliance, you can try to file an amended return claiming the deferral.
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How can I elect to defer tax on gain if I have already filed my 2021 tax return?
I am an opportunity zone investor and would like to still be able to take advantage of the tax incentive.
Answers
File an amended return and claim the deferral, but be sure to get all the correct forms filed and to make a timely investment in relation to when the gain was triggered.
If you are still within the required period and comply with other requirements, you may amend your return. I am parting from the premise that you meant 2020 return and not 2021 which is still not due.
You can most certainly still invest, but you would want to amend your 2021 tax filing to properly report the gain deferral and the investment in the underlying QOF.
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