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Qualified Opportunity Zone Investments

Qualified Opportunity Zone Investments

by Emily Victor

By May 30, 2018September 20th, 2023Insights
Included in the Tax Cuts and Jobs Act, signed into law in December 2017, is a new tax planning technique for deferring gains from sales. By investing in Qualified Opportunity Funds, taxpayers can defer (and potentially partially avoid) gain recognition on the sale of any property. The Qualified Opportunity Funds are designed to make investments in economically distressed communities called Opportunity Zones.

What is an Opportunity Zone?

An Opportunity Zone is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment[i].

Each state can designate up to 25% of its low-income communities as Qualified Opportunity Zones, and the IRS then must approve the designations. The IRS has an interactive map showing all of the Qualified Opportunity Zones that have been approved. You may need to click on the layers tab and uncheck 2011-2015 LIC Census Tract.

For more details on qualified opportunity zones, click here.

Contact Us

For more information on qualified opportunity zone investments or for other tax concerns, contact Trey Webb or Jerry Weil by calling 770.396.2200.

[i] From IRS Opportunity Zones Frequently Asked Questions – first question
Jerry Weil

Partner Emeritus

678.302.1462
Trey Webb

Partner

678.302.1457