IRS Updates OZ Frequently Asked Questions

Wednesday, September 4, 2019 - 8:30am

The Internal Revenue Service updated its Opportunity Zones Frequently Asked Questions (FAQs) page with guidance on when investors can adjust basis to fair market value, where a list and map of designated qualified opportunity zones (OZs) can be found, how to become a qualified opportunity fund and whether inventory in transit can be qualified OZ business property. The Sept. 10 episode of the Novogradac Tax Credit Tuesday podcast will examine the updated FAQs in detail.