UPDATES


Opportunity Zone Webinar: Feb 7th, 2019 – 

Introductory & Advanced Strategies For Opportunity Zone Investing

Join us for a webinar on Feb 07, 2019 at 10:00 AM PST.

This Webinar will be covering the Opportunity Zones and Qualified Opportunity Funds as created under the Tax Cuts and Jobs of Act. 

Watch Re-Play Here


 

12/12 Update:

President Trump signed an executive order Wednesday to create a new White House council for promoting private investment in ‘opportunity zones’ in more than 8,700 distressed communities across the U.S., aiming to expand prosperity to neglected zip codes,” Dave Boyer reports for The Washington Times.

 

10/19 Update:

The Treasury has released proposed regulations that provide guidance related to Opportunity Zones (section 1400Z-2). These were just released, and our team will be analyzing them and their consequences for jobs and investment in qualifying low-income communities.

DOWNLOAD HEre


 

OPPORTUNITY ZONE FAQS

Below you will find a list of Frequently Asked Questions About Opportunity Zones and other resources provided by the IRS. Currently, the IRS and Treasury are working on guidance regarding how the QOZ Funds and eligibility of investments in Qualified Opportunity Zones.

You can use existing entities as the QOFs, but only tangible property purchased after 2017 can qualify.

The 10 year benefit is that post-investment appreciation is not subject to tax. Thus, you have made an investment without paying tax and, if held for 10 years, the post-investment appreciation is not taxed.

Yes. If you have a replacement property from a prior Sec. 1031 exchange and you sell it, you would trigger capital gains that could be invested and deferred/excluded under the OZ rules.

The tests aren't applied until the 6 month mark. Also, the proposed regs allow the taxpayer to hold working capital for up to 31 months.

ADDITIONAL RESOURCES

 

IRS Frequently Asked Questions

Below is the link to the IRS Frequently Asked Questions page regarding Qualified Opportunity Zones, How the spur economic development?, What is a Opportunity Zone Fund? and other question regarding QOZs.

Learn More

Designated Opportunity Zones

The following is the complete list of all population census tracts that the Secretary designated as Zones for purposes of §§ 1400Z-1 and 1400Z-2. The Internal Revenue Service will be governed by this list in administering § 1400Z-2. 

Download Excel File

CDFI Fund Interactive Map

CDFI Fund Interactive Map of designated Opportunity Zones throughout the United States. The map allows you to layer map by census tract, congressional district, county, and more. 

View Map

Opportunity Zone Rules and Regulations

This revenue procedure provides guidance regarding to the procedure for designating population census tracts as Qualified Opportunity Zones for purposes of §§ 1400Z–1 and 1400Z–2 of the Internal Revenue Code.

Read Regulations

If you need more information, or insight with Opportunity Zones or Opportunity Zone Fund Investments, please contact us today.