Qualified Opportunity Zones


Qualified Opportunity Zones
What are they? Congress created the federal Qualified Opportunity Zone (“QOZ”) program in the 2017 “Tax Cuts and Jobs Act” to encourage economic growth in underserved communities through tax benefits to investors. U.S. states and territories, including Washington, DC, nominated areas (by census tract) to be designated as QOZs in 2018, and the IRS and Treasury finalized the designations that year. This program presents opportunities for real estate investment and development in distressed communities. How does the program work? Forming an Opportunity Fund: Fulfilling the “90% Assets” Requirement: QOZ Business Property Requirements: What are the tax benefits? For capital gains reinvested into an O Fund: For future capital gains on investments accrued while in an O Fund: ...more RSK National Realtors look at Opportunity Zones.
Share this article on you social outlets
Our Sponsors - - Volume: 6 - WEEK: 46 Date: 12/3/2021 6:11:37 PM -

What are they?

Congress created the federal Qualified Opportunity Zone (“QOZ”) program in the 2017 “Tax Cuts and Jobs Act” to encourage economic growth in underserved communities through tax benefits to investors. U.S. states and territories, including Washington, DC, nominated areas (by census tract) to be designated as QOZs in 2018, and the IRS and Treasury finalized the designations that year. This program presents opportunities for real estate investment and development in distressed communities.

How does the program work?

Forming an Opportunity Fund:

Fulfilling the “90% Assets” Requirement:

QOZ Business Property Requirements:

What are the tax benefits?

For capital gains reinvested into an O Fund:

For future capital gains on investments accrued while in an O Fund:

...more