IRS Releases Final Versions of Opportunity Zones-Related Forms 8996, 8997

Monday, February 3, 2020 - 2:15pm

The Internal Revenue Service released final versions of two forms related to the opportunity zones incentive. The final version of Form 8996–Qualified Opportunity Fund and its instructions include three clarifications of instructions. The final version of Form 8997–Initial and Annual Statement of Qualified Opportunity Fund Investments and Instructions included only formatting and minor sentence structure changes.