The 2017 Tax Cuts and Jobs Act created the Qualified Opportunity Zone (QOZ) Program to encourage investment in businesses located in low-income communities designated as Opportunity Zones. The QOZ program provides taxpayers who recognize capital gains on the sale of property with the opportunity to defer and partially eliminate such gain, as well as additional future gain, by investing such capital gains in a Qualified Opportunity Fund. This presentation discusses how the QOZ incentive works, how taxpayers may participate in the QOZ program, the benefits and risks associated with the QOZ program, the rules for qualified OZ property (eligible investments for QOFs), and a comparison of the QOZ incentive to 1031 like-kind exchanges.
Individual webcastCPE Credit:
This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by ACPEN.