The Tax Cut and Jobs Act authorized each governor to designate certain census tracts as “Qualified Opportunity Zones” (“QOZs”). Taxpayers realizing capital gains after December 31, 2018 can invest the cash realized from those events in a Qualified Opportunity Fund (“QOF”) for investment in a QOZ and take advantage of tax benefits, including deferral and partial reduction of their initial capital gain and complete avoidance of capital gain upon sale of the qualified asset. These benefits are subject to a myriad of rules, and companies must still be wary of the evolving tax regulations and other guidance.
Join a panel of key thought leaders and professionals assembled by The Knowledge Group as they provide the audience with an in-depth analysis of the implications of QO Fund for real estates and investors. Speakers will also discuss best practices to overcome challenges while maximizing opportunities.