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Qualified Opportunity Zone Funds: Proposed Regulations Part 2

VIEW PLANNING UPDATE (PDF)

SUMMARY

While the 2017 Tax Cuts and Jobs Act created a way to reduce capital gains tax through investment in a Qualified Opportunity Zone (QOZ), it also raised many questions about how the regulations would be applied to a completely new investment opportunity. This planning update discusses the latest round of Treasury regulations to help clarify how specific situations will be addressed. Topics covered include transfer and distribution of QOZ investments, operational requirements for a Qualified Opportunity Zone Fund (QOF), and how real estate activities can qualify for the preferable tax treatment.